ClubMul­wala’s “amaz­ing” $1.7m profit

Yarrawonga Chronicle - - Front Page - BY ROBERT MUIR

ClubMul­wala’s profit of $1,692,179 for 2017-18 is a record, de­light­ing club of­fi­cials.

“It’s a fan­tas­tic ef­fort, an in­crease of nearly $450,000 on last year’s re­sult,” ClubMul­wala Pres­i­dent Des O’Meara ESM OAM told the Yar­ra­wonga Chron­i­cle.

The club’s mem­ber­ship of 18,959 mem­bers reached dur­ing the last fi­nan­cial year is also a record.

The record fig­ures have been de­scribed as “amaz­ing” by Chief Ex­ec­u­tive Of­fi­cer of ClubMul­wala Alan Rowe.

“The 2017-18 year has been one of con­tin­ued rein­vest­ing back in our fa­cil­ity as seen by the in­stal­la­tion of our so­lar cov­ered car park, our mo­tel room up­grades, our fore­shore de­vel­op­ment and hav­ing the new bal­cony roof in­stalled,” the CEO, in his fourth year, said.

“Back in 2014-15 ClubMul­wala lost $164,797. The turn­around of ClubMul­wala has given us an ex­tremely strong busi­ness model to use as a base for fu­ture in­vest­ment back in our club.”

The two lead­ers praised board di­rec­tors and club staff for their com­mit­ment and ef­fi­ciency, and said the club’s huge suc­cess has been on the ba­sis of of­fer­ing club mem­bers great value for money in a safe en­vi­ron­ment, tar­get­ing all ages, par­tic­u­larly older mem­bers and vis­i­tors.

“We of­fer great value meals and drinks, and a lot of free en­ter­tain­ment,” Mr O’Meara said.

“It’s en­ter­tain­ment geared to all baby boomers in par­tic­u­lar but we cer­tainly con­sider what’s good for all ages of peo­ple.”

ClubMul­wala’s so­lar carpark is due for com­ple­tion by Novem­ber 5. The club has started its ap­prox­i­mate $180,000 board­walk project on the fore­shore area south of the re­sort.

“With Lake Mul­wala be­ing emp­tied and no as­sur­ance it was to be emp­tied again in the new fu­ture, the board of di­rec­tors de­cided to start this project,” Mr O’Meara ex­plained.

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