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The Welsh Rugby Union Group have revealed increased pre-tax profits of £27.6m last year after registering a record £58.5m turnover.
The 2010 annual report shows the WRU's profits rose from £24.5m, their total income up 18%, helped by eight Millennium Stadium internationals.
The WRU also report that their bank debt has been reduced to £26.7m.
"There are exciting and challenging times ahead," said WRU group chief executive Roger Lewis.
http://news.bbc.co.uk/sport1/hi/rugby_union/welsh/8986504.stm