Premier League club Fulham have announced a record profit for the season 2010/2011.

The Whites revealed a profit, before interest and taxation, of £5.4m and a record net profit of £4.8m for the year ended June 30 2011.

"The club has made great strides in recent years, and this excellent set of financial results is just reward for our progress," chairman Mohamed Al Fayed told the club's official website.

"As always, I am determined to ensure the club moves in the right direction whilst remaining true to our history, heritage and past traditions.

"The announcement of our plans to redevelop the Riverside Stand, whilst opening up the Riverwalk for the benefit of the community, is further proof that my ambition for this football club remains resolute."

Fulham finished last season in eighth place, while they also qualified for the Europa League.