Arsenal's decision to sell Cesc Fabregas and Samir Nasri helped them report a huge pre-tax profit of £49.5million for the six months to the end of November.
The Gunners, who lost £6.1million over the same period in 2010, might have made only a small profit but for the controversial departures of Fabregas and Nasri last summer for a reported £54million.
Arsenal enjoyed an overall profit on player trading of £46.1million, having made a loss of £5.9million the previous year.
They made £63million overall in player sales, while there was an investment of £74.7million in new arrivals and contract extensions, the cost of both being spread evenly over the length of an individual's deal.
Arsenal's cash reserves also swelled to £115.2million, up from £110.4million, with their turnover from football rising to £113.5million from £97.6million.
Chairman Peter Hill-Wood told the club's official website, www.arsenal.com: "We are proud of Arsenal's record and consistency over many seasons and have the foundations in place, at every level of the club, to ensure we remain a force in the seasons ahead."
Source: PA
