AFTER many dark days, the Leeton Soldiers Club has continued to turn over a new leaf.
The club recently announced in its 2017-17 annual report it had returned a trading profit of f $159,944.
Club secretary-manager Adam McIntyre was happy with the result.
“The club, through the board, management and staff put in a lot of effort throughout the year and, to see a profit, is reward for those efforts,” he said.
“A big thank you to all of the members who supported us through the year.”
There were many contributing factors in the profit result, including an increase in sales across the board.
Bar sales in particular increased by more than 6 per cent.
The result comes as many would remember in the not-so-distant past a story of the club struggling and going into voluntary administration.
However, through plenty of hard work and careful management, the facility is now back on track.
“Cost containment remains a challenge, but at the same time it is pleasing to know we contribute well over a million dollars to local economy in wages alone,” Mr McIntyre said.
“Over the next 12 months we will see further consolidation of the club’s financial position.
“The club has improved its liquidity greatly in the last few years, but there is still a lot of work to be done to grow the clubs’ cash flow position to where it should be.
“Despite a budgeted increase in power costs of over $60,000 for the upcoming financial year, the club has budgeted for a profit for the financial year 2017/18 and, if achieved, this will assist it to continue on the path as it strives for financial stability and sustainability.
“The board and staff continue to work hard to ensure the future of the Leeton Soldiers Club is built on a solid platform and we continue to provide a community asset for our town.”
The club donated thousands of dollars in the last financial year to various community groups through to the ClubGRANTS initiative.
The club is also striving to have its restaurant become a major dining attraction in town.