The profit was announced at the 136th annual meeting of Otago Cricket at the University Oval on Wednesday night.
"We are pleased about that," chief executive Ross Dykes said yesterday of the financial result.
"We have generated more income and been pretty frugal in managing our expenses and what we spent.
"The last five years have been good for us but this is the biggest profit for some years."
A key to the good financial outcome has been the support of Otago Cricket's sponsors, amounting to $180,000.
"We get very good support from New Zealand Cricket to cover the professional game," Dykes said.
The association made useful profits from special fund-raising activities such as the Gallaway Dinner and a golf day.
The weather affected gate receipts, which were down a little on previous years.
Most of the coaching the association does is provided free but Otago Cricket did make a profit from one-on-one coaching assignments.
This season, England is to play a test in Dunedin.
"There is good and bad in that from a financial point of view," Dykes said. "There are opportunities to generate revenue but there are significant costs.
"I don't think the English games will be a significant windfall for us but it will give us standing with our cricket community."
Dykes said Otago Cricket appreciated the support it got from the Dunedin City Council.
"They help with our facilities and make it easy for us to play cricket," he said.
Former Otago representative and current board member Russell Hendry was elected the ninth life member of the OCA at the annual meeting.
Hendry, an elegant right-handed batsman, first played for Otago in the 1961-62 season and played 10 years of Plunket Shield cricket. He was captain in his final year.
Hendry was one of three retiring directors who were re-elected to the board. The others were Nick Smith and Darren Smith.
Iain Gallaway remains the patron, John Petre is still the president and Murray Hughes the chairman.
