Edmonton Eskimos post profit of $2.8M for 2018 campaign

Click to play video: 'Edmonton Eskimos getting closer to naming new team president'
Edmonton Eskimos getting closer to naming new team president
WATCH ABOVE: The Edmonton Eskimos are getting closer to naming a new team president – May 7, 2019

The Edmonton Eskimos posted a $2.8-million profit for the 2018 season.

The Eskimos unveiled the surplus in Janice Agrios’ report tabled Tuesday at the CFL club’s annual general meeting.

The Eskimos’ operating revenue for 2018 was $25.1 million, an increase of two per cent over 2017. The club’s gate receipt revenues, though, decreased by one per cent ($89,000), due to weather-related issues.

READ MORE: Edmonton Eskimos select DL Matheiu Betts in 1st round of 2019 CFL Draft

Watch below: Some recent videos from Global News’ coverage of the Edmonton Eskimos

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Sponsorship revenues increased by 9.3 per cent from 2017. Concession and game-day revenues were down 1.3 per cent while merchandise sales declined 8.5 per cent, mainly due to increased Grey Cup merchandise sales throughout the season.

Edmonton staged the 2018 Grey Cup game.

READ MORE: Study shows total 2018 Grey Cup economic impact exceeding $81M

Watch below: Some Global News videos about the CFL’s Grey Cup.

Total operating expenses were $23.6 million, a reduction of $460,000 from 2017. The Eskimos also finished the season under the ’18 CFL salary cap of $5.2 million.

Watch below: Edmonton Eskimos coach Jason Maas spoke to the media on Tuesday ahead of the upcoming CFL season.

Click to play video: 'Maas talks about what Eskimos need to see success in 2019'
Maas talks about what Eskimos need to see success in 2019

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