Bowling club records record profit

Ettalong Memorial Bowling Club has recorded a record profit of $850,630 after tax for the year ending June 30.

This was a 20.6 per cent increase on last year's record profit of $705,623.

Chief executive officer Mr Boris Belevski has heralded the result as "very satisfying ... when you consider the precarious financial position of this club back in 2003-2004".

"Ettalong Bowling Club continues to be the most financially stable club on the Peninsula and is one of a few success stories on the Central Coast," said Mr Belevski.

The profit came on a gross revenue of $10,263,964 to June 30, which was an increase of $1,112,689 over the previous year.

The club increased its bar trading on last year's figures by $388,147 to $3,858,810 and its poker machine net clearances by $577 677 to $5,446,710.

Direct expenses for the year were $2,579,978 which increased by $182.955 from last year's $2,396,983.

Income from the club's bowls operations increased by $25,407 to $98,936 with an increase in total expenses of $54,461 to $309,179.

The net loss from bowls operations was $210,243 compared to $181,189 in 2010, an increase of $29,054.

Club chairman Mr Robert Henderson said it was the third year in a row that the club had made a "great profit".

This was "due to the strategic planning and those plans put into action by the management and staff", he said.

But Mr Henderson said if the pre-commitment legislation is passed "our club will struggle to exist at best".

"What the club needs is all our club members to join in the fight by writing letters or emails to the local member, sign petitions and join rallies.

"It is only by informing the government with a loud combined voice, that we may prevent this progression into a nanny state," he said.

Media Release, 2 Nov 2011 Annual Report, 2 Nov 2011 Boris Belevski, Ettalong Memorial Bowling Club