Inter Milan’s board of directors has approved financial statements between July and December 2023, with a €22.3 million consolidated profit recorded for July – December 2023
This is confirmed via a statement in the club’s official homepage.
Earlier today, Inter’s board of directors held a meeting.
The purpose of the meeting was for the board to approve the club’s financial statements for the first half of the financial year ending in June of this year.
That is the period that covers between July 1st of 2023, and December 31st of the same year.
And the news regarding the Nerazzurri’s financial situation is positive based on the most recent statements.
The club’s board have confirmed that the Inter actually reported a profit during the six-month period.
The total profit that Inter recorded is €22.3 million. That is compared to €63.5 million in losses in the previous year’s set of accounts.
That means that the financial improvements between statements totals €85.8 million.
Inter Confirm €22.3M Profits For July-December 2023
The revenues during the period between July and December of last year were €265.4 million for Inter.
That is a jump of €91.8 million from the same period in 2022. In other words, an improvement of 34.6% compared to the same reporting period.
A significant chunk of those revenues came from the transfer market.
Inter recorded a profit of €41.7 million during last summer transfer window. That period saw the club sell goalkeeper Andre Onana for a massive fee.
Meanwhile, Benjamin Pavard came in the other direction. And Inter also signed midfielder Davide Frattesi from Sassuolo, but on an initial loan deal.
Meanwhile, revenues from matchday earnings and broadcasting rights grew €29.4 million during the period.
And revenues from sponsorships and commercial partnerships also improved, as Inter agreed new deals with Nike as their technical sponsor, and Paramount+ as a main shirt sponsor.
The trend in the most recent accounts confirms the Nerazzurri’s financial improvements in recent months.
