Pompey have announced financial results that many clubs higher up the leagues would be proud to call their own.

The club - who trade as Portsmouth Community Football Club - announced an operating profit of £118,000 in the first full year of trading.

Accounts for the year ending last June show a turnover of £6.6m, with healthy gate receipts of £3.4m.

The club's official website reported that there was an overall loss of £171,000 for the year, after including the net interest charges of the loans taken out to purchase the club back in April 2013.

Finance director Tony Brown told the website: 'We are all pleased with the results from our first year of trading and it has been a real team effort from everybody at Fratton Park.

'We undertook a substantial restructuring of internal operations, as well as managing the £14m legacy debt, which was reduced to £5m at the year-end and then fully repaid in September 2014 — two years ahead of schedule — and we negotiated significant discounts.

'The rebuilding process has continued this year, with the building of a new training ground, the Tesco project and improvements to the stadium, with the aim of securing solid foundations to enable the sustainable growth of the club.'

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