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NZ Rugby records first profit since 2017, media rights income hits NZ$80m

Sevu Reece of New Zealand scores against Wales at the Millennium Stadium in Cardiff. (Photo by Warren Little/Getty Images)

New Zealand Rugby has recorded its first profit since 2017 after revenue increased by 36 per cent to NZ$188.8m ($123m/€116.8m) during another challenging year for the rugby union association.

Revenue grew across all sectors over the 12-month period ending in December despite New Zealand’s rugby season being disrupted once again by Covid-19 restrictions. The association's net profit was NZ$5.5m.

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