West Brom boing in a profit of £1.5m
West Bromwich Albion today announced a pre-tax profit of £1.5 million for the year ending June 30, 2012.
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In the same 12-month period, the club's net debt fell from £2m to £0.5m.
The first full set of accounts released by West Bromwich Albion Group Ltd since formation in August 2010 reported a record turnover of £66.7m after a 10th-placed finish in the Premier League.
Chief executive Mark Jenkins said: "The club has continued to invest and total salaries now exceed £50m per year."
