Manchester United announce £37.6m Q2 operating profit

A general view of the stadium prior to kickoff during the FA Cup Quarter Final match between Manchester United and Arsenal at Old Trafford on March 9, 2015
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Manchester United announce an increase in operating profit to £37.6m in their latest quarterly results.

Manchester United have announced operating profit of £37.6m in their latest quarterly results.

The results - covering the last three months of 2016 - show an increase in operating profit of £6m on the same period in 2015, although the net debt rose by £87.2m to £409.3m, which the company blamed on the increased strength of the US dollar following the Brexit referendum.

Turnover was up £18% to £157.9m, with broadcasting revenues up £15.2m to £52.5m and matchday revenues up £8.2m to £38.6m.

"We are pleased to be competing for the first available trophy of the season when we travel to Wembley to face Southampton in the EFL Cup final this month," said Ed Woordward, United's executive vice chairman. "The robustness of our business model continues to be reflected in our strong quarterly financial results and we remain on track to deliver record revenues for the year.

"Finally, I'd like to congratulate Wayne Rooney on becoming Manchester United's all-time record goal scorer – achieving the remarkable feat of scoring 250 goals over the last 13 seasons, surpassing Sir Bobby Charlton's record which has stood for 44 years."

United are currently enjoying a 15-match unbeaten streak in the Premier League and sit sixth in the table.

Ander Herrera celebrates scoring during the Europa League game between Manchester United and FC Midtjylland on February 25, 2016
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