NEWPORT County AFC made a loss of more than £350,000 last season, their latest set of financial accounts reveal.
County's loss of £351,456 was for the financial year ending June 2017. It compared with a profit of £339,522 for the previous year.
"During the year 2016-17 season the club experienced poor performances both on and off the field," said the club.
But this season’s run to the fourth round of the FA Cup, which saw the Exiles earn a replay against Premier League Tottenham Hotspur at Wembley, means the board anticipates that the "club will make a profit for the coming financial period.”
The club added: "The Board have also prepared strict budgets for the 2018-19 season with a view to reducing unnecessary costs and increasing revenue streams."
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