Canterbury Industry Forum - Tuesday 13th October 2015
September 28, 2015
Prodigal Seelster CSBA Summer of Speed Series
December 5, 2014
2015 NZSBA Cup Eve Function
November 25, 2015
The New Zealand Metropolitan Trotting Club Inc. (NZMTC) has announced its annual result for the year ending 31 July 2014.
October 5, 2014
The NZMTC was pleased to record an operating surplus of $347,276 which in itself is an outstanding result. When combined with other revenue, including net fair value gains on investment and development property, a final surplus of $2,579,836 was reported.
NZMTC Chairman Barry Dent said “Given the context of general industry returns, an average 2013 Christchurch Casino Trotting Cup Day weather-wise and increased competition in the functions and events business this result is one the Club is very proud to have achieved.”
This result was achieved whilst increasing stakes by 6% during the 2013-14 season with $6.9 million paid out in stakes.
Other notable developments during the year were the opening of Spectators Bar and Bistro, starter numbers increasing from 10.58 to 10.98 per race, our Functions and Events Centre continuing to play a key role for the Club, and strong returns from our commercial property interests.
“These developments reflect our Strategic and Business Plans to future proof our Club,” Dent concluded.
The Club’s Annual General Meeting will be held on Monday 13 October 2014.