The Inverell RSM Club has recorded a strong trading period for the last financial year reflecting a stability in the Club’s trading conditions after releasing its annual reports and balance sheet to members
General Manager Tim Palmer reported in his annual report a profit of just over $1 million with sales remaining solid throughout the year but highlighted the continued increases in the cost of goods, services, wages, insurance and utilities having required ongoing attention to pricing.
Mr Palmer says this result has continued to place the Club in a very strong financial position, with in excess of $9 million in financial funds and a broad, diverse platform of assets to support stability in future years
The club continues to explore opportunities to expand their portfolio of businesses and investments adding their current rental portfolio of residences has proven to be a valuable and reliable source of income.
He confirmed the Club had introduced facial recognition technology to assist in identifying individuals who may be barred under the Banned from One Banned from All arrangements as well as being used as an additional harm minimisation and compliance tool adding this technology will applied appropriately, respectfully and in accordance with relevant legislation
