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Benfica profits on the upswing
Portugal - 07 May, 2007
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Portuguese Benfica hauled in a EUR 4.13 million profit this first term, a 10.4 percent increase of the same time last year.
The club is in the process of launching a share issue on the Portuguese stock exchange on 21 May. The decision is due to be made formal at the next General Assembly Meeting on 14 May.
"The increase in profit was positively influenced by the income generated from the stock exchange, the Champions League and participation in the Dubai tournament," a club statement read. "There have also been losses in other areas due to a reduction in national TV income and a reduction in gate receipts".
The club is in the process of launching a share issue on the Portuguese stock exchange on 21 May. The decision is due to be made formal at the next General Assembly Meeting on 14 May.
"The increase in profit was positively influenced by the income generated from the stock exchange, the Champions League and participation in the Dubai tournament," a club statement read. "There have also been losses in other areas due to a reduction in national TV income and a reduction in gate receipts".
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