The south coast club's profit for the full year ending May 2002, compares to a £0.1m ($0.16m/EUR0.17m) loss in 2001.
Overall operating profit was £4.7m ($7.31m/EUR7.39m), before player trading, with player and coach wages reduced to just 48 percent of football related turnover, despite a 17 percent rise in the wage bill over the year. Turnover was £38.5m ($59.84m/EUR60.55m).
The club recently moved from its old home of the Dell and moved into the new St Mary's Stadium (pictured). It resulted in average crowds swelling from 15,113 in 2001 to 30,633.
Said chairman Rupert Lowe: "The whole of the football industry has had to undergo a reality check over the past few months. Like many clubs, Southampton FC has had to deal with the excesses of the football bubble bursting, but, as our financial results show, we are better positioned than some of our peers to deal with these pressures.
"Over the past 12 months we have moved into our fantastic new St Mary's stadium and seen growth in our retail, financial services and corporate hospitality businesses. With continued good management and a strong focus on both business and footballing activities, we are confident that this club's future is bright."
English Premier League soccer club Southampton has bucked the trend of heavy losses, by reporting a £3.3million ($5.13m/EUR5.19m) pre-tax profit in its latest financial figures.
