QUEENS FINANCIAL STATEMENT FOR YEAR 2012/13
Financial statements released by Queen of the South to shareholders for financial year ending 2013 show a healthy profit.
The club accounts show a profit of £742,575 although £577,165 of this is direct benefit of loan write offs.
However the trading profit for the year was well over £165,000. It was stated that this was due to a good cup run. Otherwise the club would have made a loss.
Turnover was up from £752,354 to £1,046,181
A General Meeting of shareholders is being held at the Nith Hotel,Glencaple, at 7.30pm on Tuesday 3rd December 2013.