NSW Harness Racing Club chief executive John Dumesny reported a profit of more than $2 million at the club's annual general meeting yesterday.
The investments from the sale of Harold Park of more than $110 million returned nearly $3 million in interest.
At a time when most clubs are struggling, Dumesny is proud of his club's achievements.
''We are starting to see the benefit of the foresight of the club in owning Harold Park and will continue to make returns to the industry into the future,'' he said. ''We are in a very good position going forward. We will continue the development of Menangle and the first stage of the project will be ready for the Interdominion next year.''
NSWHRC will soon get race-fields money, which has been held in trust by Harness Racing NSW.
''These past fees which are estimated to be in the vicinity of $2.25 million will be applied to the Tabcorp Interdominion Carnival over the next three years,'' Dumesny said.
The Menangle building project means there will be no Miracle Mile this year.
The first leg of the elite Grand Circuit, the Queensland Pacing Championship, was run at Albion Park last night.
The series has been reduced to eight races in an effort to draw the country's best horses together more often, and includes the Miracle Mile, New Zealand Cup and Victoria Cup and ends with the Interdominion final. There are no more legs in South Australia and Tasmania and provincial clubs Bankstown and Ballarat have lost elite status for the Treuer Memorial and Ballarat Cup respectively.
Harness Racing SA and South Australia Harness Racing Club chief executive John Lewis announced a partnership with Betezy, in which Globe Derby will be branded with the corporate bookmaker's logo.