MORISSET Country Club has posted a trading profit of $175,000 for the 2011 financial year, returning to pleasing profitability after major cost-cutting restructuring.
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The club's CEO Ian Taylor said the profit represented a turnaround of $283,000 (an improved trading performance of 262 per cent) on the 2010 loss of $107,000.
"With our deeply ingrained culture of doing that extra bit for our club the members, volunteers, and staff have shed any remaining negativity about our club's bright future," Mr Taylor said.
"We are all very excited with this exceptional trading result and it even surprised our auditors, especially when many licensed clubs are doing it so hard," he said.
Despite wet weather and vandalism the club was aiming for another profit this year, and in the long term. Major improvements are planned for the club including in the car park, on members' facilities and the golf course.
"We were very, very pleased with our trading result," Mr Taylor said.
The turnaround has justified the faith in the club by the chairperson of the club's board of directors Erica Ford who, on being elected last year, predicted the club - with support from the community - would gain a new lease of life.
In her annual report Ms Ford said a loan from the course owners Drysdale Metal would be repaid by June 1 - seven months ahead of schedule.
It was only the second profit made by the club in the past 10 years and the highest in 15 years.
Vandalism damage to greens had cost the club $30,000 in repairs costs but hours of voluntary work by members, and the efforts of the greens staff led by Nathan Reynolds, had shown the true character of the membership in wanting their club to prosper.
The course has been secured against future attacks with the appointment of a full-time caretaker, repaired fencing along Wyee Road, and other measures.
Mr Taylor said the course would be restored to the top condition it was in when it won the 2011 Best Regional Golf Course Pro Am award from the NSW PGA.
The professionalism and cooking skills of the Fairways Wok and Grill team, inside the club, had also been particularly welcomed by members, Mr Taylor said.
