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After 3 consecutive years of losses, the Vatican posts a €9.8 million profit

 
Anonymous Coward
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Ireland
07/02/2011 02:06 PM
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After 3 consecutive years of losses, the Vatican posts a €9.8 million profit
July 2nd 2011

The Vatican came out of the red to post a profit of almost €9.8m last year.

After balancing its books the Holy See reported a surplus of €9.8 million euros in 2010 after three consecutive years of losses amid the financial crisis.

Details of the Holy See's accounts were released following a two-day meeting of the Council of Cardinals, responsible for overseeing the Vatican's balance sheet.

[link to www.rte.ie]

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