The company is listed on the AIM stock exchange in London and generates revenues from event management, corporate and public sector sponsorship and equipment sales.
It recorded sales of £3.5 million, up from £580,000 for the same period last year.
The company expects to sustain profitability going forward and the results do not reflect the recent announcement of VELUX as the global sponsor of the 5 Oceans Race.
Sir Robin Knox-Johnston, founder and chairman of Clipper Ventures, said: “We have seen a step change in levels of sponsorship interest for both of our main events which we believe will accelerate further in the years ahead, as race coverage in the media grows.
“We plan to capitalise on other revenue generating activities, to ensure that the Clipper fleet is utilised throughout the years in which the round the world race isn’t running. To this end, we are formulating plans with our strategic partner, Global Sportnet and expect to announce of the creation of a further yacht racing event shortly.”
