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Manchester United’s Profit Swing Comes With Revenue Drop

Chris Wheeler reported United posted an operating profit of $44.1m in the first six months of the financial year, swinging from a $5.3m loss. Second-quarter operating profit hit $26.5m, up from $4.2m. Total revenue fell to $257.1m from $268.5m. Full details were shared in the filing. Major cost-cutting under Sir Jim Ratcliffe helped shape the numbers.