Everton chairman Bill Kenwright has reaffirmed their support for manager Dave Moyes after delivering the club's latest financial results.

Turnover for the year ending May 31, 2009 rose by £4m to a record £79.7m but, even with an FA Cup final appearance, a semi-final at Wembley and a fifth-placed league finish, the increase in player wages means that the club has an overall operating loss of £6.7m.

Kenwright's statement read: "As has always been the case, David Moyes was fully supported by myself and by my fellow board members.

"He remains the single most important figure at the club and we all strive - on a daily basis - to provide him with the tools he believes are necessary if we are to continue to evolve and develop into a genuine, meaningful force within both English and European football."

Kenwright added: "Our wonderful FA Cup run quite possibly deflected attention from what was another hugely satisfying Premier League campaign.

"To again finish fifth in what remains Europe's toughest and most unforgiving league was a magnificent achievement - one which guaranteed another European campaign to continue the steady progress which has hallmarked David Moyes' tenure as manager.

"Maintaining our progress, continuing to punch above our weight if you like, will be very difficult but I stand by my assertion that we have a manager who will go down as one of our all-time greats and a squad of players that is amongst our very best over the last two decades."