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NZRL records $342,000 surplus for year

NZ NewswireNZ Newswire 22/06/2016
Kevin Proctor, Lewis Brown and Shaun Johnson of the Kiwis sing the national anthem during a match. © Getty Images Kevin Proctor, Lewis Brown and Shaun Johnson of the Kiwis sing the national anthem during a match.

The New Zealand Rugby League has had a significant turnaround in financial fortunes by recording a $342,000 surplus for the 2015-16 year.

The figure for the year ended March compares with the $32,000 loss for the previous 12 months.

The NZRL says the main contributors to the change were the Kiwis' three-Test tour of England, TAB receipts, Australian Rugby League Commission support for the NZ Under-18 side's series against the Australian Schoolboys and cost savings.

Chairman Garry Fissenden says the NZRL has worked hard to mitigate some of the risks it has faced.

He says the organisation has secured long-term certainty of income with key funders, such as Sport NZ, High Performance Sport NZ and broadcast rights.

"There is still work to be done regarding the potential funding shortfall in the 2017 World Cup year, but we have plans in train for this."

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