THE Frankston Football Club has posted another profit.
The VFL club has published its 2023 annual report. It confirmed that last year, the club recorded a net profit of a little more than $13,000. In 2022 it posted a narrow profit of just more than $1000, and in 2021 recorded a $400,000 surplus and declared its debts paid.
In the 2023 annual report, club president David Friend wrote that the club had originally budgeted for a $150,000 loss.
The recent positive financial reports are a far cry from where the Dolphins were in the past. The club had its VFL license stripped and owed a $1.5 million debt in 2016. It was readmitted into the VFL in 2018.