Manchester United have announced an operating profit of £37.6m from a revenue of £157.9m in the club's latest financial report, covering the second quarter of the 2016/17 season from the start of October through to the end of December.
It marks a 15% increase on the operating profit from quarter two in 2015/16 and an 18% increase in revenue for the same period this time last year. Within the revenue, commercial (1.1%), broadcasting (40.8%) and matchday (27%) have all seen increases on quarter two from 12 months ago.
The club now expects revenue for the whole 2016/17 year after quarter four to hit £530-540m.
"The robustness of our business model continues to be reflected in our strong quarterly financial results and we remain on track to deliver record revenues for the year," executive vice-chairman Ed Woodward commented.
Net debt has increased by £87.2m over the course of the last year, with the total figure now standing at £409.3m. The club puts this significant jump down to the continued strengthening of the US dollar against GBP from an exchange rate of 1.47 in December 2015 to 1.23 in December 2016.
GBP has also significantly weakened since the controversial 'Brexit' referendum in summer.
But it appears that Bastian Schweinsteiger's first-team return has inflated assets by £4.8m.
The player's transfer fee had been written off in a previous financial report and the sum of£4.8mwas listed as an exceptional credit relating to "a reversal of a registrations' impairment charge for a player now considered to be re-established as a member of the first team playing squad".
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