by Jim Davis - Manly Rugby Club will hold its Annual General Meeting tonight and Club President David Begg is set to announce a stunning financial result for the year 2012. Rugby News has been told a profit of around $200,000.00 has been achieved. Coming into 2012 the club faced an inherited minus equity position of well into six figures. After a tight year with a dedicated policy of austerity, the Manly Marlins are now well 'in the black'. How was such a massive turnaround achieved? "The Manly Rugby Club is fortunate to have a very large pool of volunteer administrative people who have contributed their vast expertise and skills. "Our highly qualified treasurer Russ Lewis ensured a rigid adherence to strict budgetary practices. You can't spend money you haven't got and the reins were pulled very tight in 2012." Davi