Glamorgan County Cricket Club has announced EBITDA (earnings before interest tax depreciation and amortisation) of £1,201,119 for the 2015 financial year, up from £579,297 in 2014.
Five days of sold-out international cricket, a significant increase in non-matchday income and record levels of sponsorship contributed to the increased earnings.
"We are pleased with these financial results, which reflect the hard work that went into successfully staging the First Investec Ashes Test match, driving incremental revenues across the business and good discipline around the control of expenses at the Club," said Hugh Morris, Glamorgan Chief Executive.
"However, we must acknowledge that our programme of major matches in 2015 will not be repeated in 2016 which combined with the ongoing need to invest in our venue, our professional team and our community projects, is likely to lead to a much reduced profit."
The Club also showed significant progress in the strengthening of its balance sheet. In December, the financial restructuring was completed with an agreement with creditors to write down debt by approximately £11,500,000.
Glamorgan Treasurer Hamish Buckland said: "The completion of the financial restructuring is a watershed moment for the Club. It has been a tough journey from the difficult days of 2011, but we now have a firm financial base from which to move forward. Much work still needs to be done to continue to improve financial performance in a tough and competitive market, but the foundations have been built."
Hugh Morris said: "The staging of music events, the continued success of our year-round catering and events business and the growth of our cricket membership and following will be critical if we are to stay on track in the years ahead."
"First and foremost, we are a cricket Club and we continue to rely on the support of our members and ticket buyers who are absolutely critical to us.
"We've added to the squad during the off-season and we've got a new Head Coach in Robert Croft who is determined to build on the progress we have made in the last couple of seasons.
"That should be an exciting proposition for Glamorgan supporters and we are looking forward to the new season with great optimism."
Download Financial Statment (PDF, 12mb)