New Zealand Cricket rakes in profit after co-hosting WC

New Zealand Cricket (NZC) has posted a considerable net surplus of 23.7 million dollars for the 2014-15 financial year especially after successfully co-hosting this year's World Cup.

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Reflecting on the extraordinary year, NZC's chief executive Dave White was quoted as saying by ESPNcricinfo, "The 2015-16 surplus is critical for NZC in terms of our long-term viability, especially with the next two of three years promising to be financially demanding."

"I'm delighted to report that NZC has achieved, or is in the process of achieving all our Cricket World Cup legacy goals, including improving the playing infrastructure, growing attendances and viewership numbers, and improving participation numbers - especially at junior level," White added.

Meanwhile, NZC chairman Stuart Heal maintained that New Zealand team's performance during the World Cup has helped his country lift to an unprecedented heights.