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Kent County Cricket Club have announced an operating profit for 2011 of £188,000.
The reults come on the back of a loss of £595,000 for Kent in 2010.
The county's chairman George Kennedy said that after taking account taxation adjustments and interest charges, the overall profit was £379,000.
He said: "I am delighted that the financial benefits of the work carried out at the St Lawrence Ground in the last year are starting to show in our results.
"We now have conferencing and event facilities which make Kent Cricket a year round business, in effect making the ground 'fit for purpose.'
Mr Kennedy said that the club's plan for hotel development remained an important part of their future strategy and it was hoped this would also progress in the near future.
"These financial results, coupled with the recent appointment of Jimmy Adams as head coach, gives me great confidence in the future of Kent Cricket," added Mr Kennedy.