Millwall Holdings Plc announced its financial results for the 12 month period to June 2011 which showed a reduction in the loss from operations to £600,000 in 2010/11 from £3.4m the previous year.
The group's net assets have increased to £2.6m as at 30th June 2011 from a deficit of £5.1m 12 months previously.
This financial year (to 30th June 2011) has produced the best financial results since the FA Cup Final year of 2003/4.

In his statement accompanying the figures, company and football club chairman John G Berylson made the following observations:
"The 2010/11 campaign was a very satisfactory one with the team finishing a creditable 9th having returned to the Championship in May 2010.
The progress made by the team has been matched by that off the field.
At last year's AGM we were successful with an Open Offer which strengthened the Balance sheet and reduced the Company debt position whilst providing funds for the football club to continue to progress.
The support I and the board received from shareholders and supporters was both vital and welcome.
We will continue to look at ways in which we can become more cost efficient across the whole Group which will enable us to maximise the football budget available to the manager.
Our operational policy has provided stability, a key word in the world of football."

To read the financial figures and the chairman's statement in full go to www.millwallholdingsplc.co.uk