League Two Portsmouth have announced an operating profit of £118,000 in the first year of trading after emerging from administration, reports BBC Sport. The published accounts cover the period straight after the club left administration and end in June 2014.

They include a turnover of £6.6 million and gate receipts of £3.4 million.

"These set of accounts give us a fantastic base on which to build on," Pompey's Chief executive, Mark Catlin, told the club website.

After the net interest charges of the loans taken out to purchase the club back in April 2013 were included there was an overall loss of £171,000 for the year.