Hereford United have made a profit of £291,880 for the year to May 31st 2005, last season, but the profit includes a one-off contribution of £110,074 arising from the settlement of the CVA.
In essence the club's profit is £181,806, an excellent result following the previous years' profit of £292,162.
Over the last two seasons Graham Turner and his fellow directors have guided the club from a £1.4 million debt situation to a current deficit of £822,672.
The profit includes some transfer fees of £89,375 which will relate to the sales of Paul Parry to Cardiff City and of Gavin Williams from Yeovil to West Ham.
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