Bradford Bulls have announced their first positive financial results in eight years.

The Odsal outfit recorded operating losses year on year since 1999 but chairman Peter Hood revealed on Friday that, in 2006, they made pre-tax profits of £222,564.

Hood had previously hoped to get the Bulls back in the black in the current financial year, so is immensely proud at beating that target.

Bulls made an annual loss of £295,418 in 2005, and Hood told the Telegraph and Argus: "It's a real improvement.

"Taking into account the 2005 figures, it's a half-a-million pound turnaround and a very welcome improvement in our financial performance.

"We've done it faster than we thought and the management and staff are to be congratulated on an excellent team display.

"The challenge now though, going forward, is to continue making profits while remaining competitive."

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