Sochi Winter Games made $53 million profit

The 2014 Sochi Winter Olympics made an operating profit of 3.25 billion roubles ($53.15 million), officials announced on Thursday.

Reuters| Last Updated: Feb 27, 2015, 09:05 AM IST
Sochi Winter Games made $53 million profit

Rio De Janeiro: The 2014 Sochi Winter Olympics made an operating profit of 3.25 billion roubles ($53.15 million), officials announced on Thursday.

The International Olympic Committee said it was planning to give its share of the profits back to the Russian organisers.

"The IOC has already decided to transfer its 20 percent...to the Russian Olympic Committee," spokesperson Mark Adams told reporters.

The 2016 Summer Games will be held in Rio de Janeiro.

($1 = 61.1500 Russian Roubles)