Manchester United Has First-Quarter Profit on Commercial Revenue

Manchester United, the 19-time English soccer champion, had a profit in its fiscal first quarter as it increased commercial revenue by 24 percent.

Net income was 20.5 million pounds ($33 million) in the three months ended Sept. 30, compared with a net loss of 5 million pounds in the year-earlier period, the team said today in a Businesswire statement.

Commercial revenue rose to 43 million pounds from 34.6 million pounds. Gross debt declined to 359.7 million pounds from 433.2 million pounds.

To contact the reporter on this story: Christopher Elser in London at celser@bloomberg.net

To contact the editor responsible for this story: Peter-Joseph Hegarty at phegarty@bloomberg.net

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