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SBD Global/April 10, 2013/Finance

South African Rugby Union Reports Pre-Tax Profits Of More Than $675K

The South African Rugby Union "has reported modest pre-tax profits" of 6.2M rand ($675,300) for the year ended Dec. 31, according to Nick Said of REUTERS. Group revenue rose 15% to $75M from $65M, "due mainly to an increase in income from broadcasting rights, sponsorships and home tests," which were typically depressed in the 2011 Rugby World Cup year. That rise "was offset by group operating expenditure," which increased by 20%, "largely due to costs associated with the hosting of the test at FNB Stadium" and the Int'l Rugby Board Junior World Cup (REUTERS, 4/5).
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