Tennis Australia profit hit reveals cost of Open

Original article by John Stensholt
The Australian – Page: 17 & 20 : 11-Sep-18

Tennis Australia generated revenue of $337 million in the year to 30 June, up from $318 million. However, its net surplus of around $6 million was down on the $11.4 million surplus that it recorded for the previous corresponding period. Tennis Australia’s total costs increased by $22 million to $329 million, while spending on operations and events increased from $199 million to $215 million; most of that expenditure went towards staging the Australian Open.

CORPORATES
TENNIS AUSTRALIA, THE A2 MILK COMPANY LIMITED – ASX A2M, AUSTRALIAN OLYMPIC FEDERATION, CRICKET AUSTRALIA

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