Following up the paper’s record profit in the 2001/2002 financial year, Sydney Star Observer held its annual meeting at the Pride Centre, Surry Hills, on Thursday 14 November. Chairman David McLachlan, who will continue to serve on the board, told the meeting the profit of $51,991 after tax was good news for the organisation’s future. You need to look at it in historical terms to understand how important a result it is -“ it’s more than twice as good as any previous result, McLachlan said. McLachlan also paid tribute to the Star’s editorial staff. The Star’s general manager Peter Dragicevich spoke of the need to attain the sort of reserves that will carry the company through downturns in the market. Now, more than ever, following the Satellite and Mardi Gras crashes, it is important for us to show the world that gay and lesbian community businesses can be successful and profitable while remaining ethical, responsive to our community, and responsible to our staff and our many suppliers.

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