Tuesday, March 10, 2020

Benfica hit record €104.2M profit in first six months

Benfica Blog
Benfica have released record profits for the first half of the 2019/20 financial year, the current Portuguese league champions earned €104.2M in the first six months of the fiscal year. The figures represent a 639.8% increase from the same period last year with Joao Felix's record smashing summer transfer a big part of the profits. This is the sixth consecutive year that Benfica have recorded a profit in the first six months of the fiscal year with the club bringing in a revenue of €244.3M from July 1/19 to December 31/19, in that same period the clubs operating income also increased by 8.8% from the same time last year to €101.9M. Benfica's current net debt now stands at €45.8M which the club has decreased by a whopping €189.5M since the summer of 2016. These latest figures should see the club once again exceed the €300M mark in revenue for the second consecutive year when the fiscal year ends on June 30, 2020.

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