Everton chairman Bill Kenwright claims the club's latest financial accounts demonstrate "sensible business management" at Goodison Park last season.
The Toffees released figures covering the period from June 1 2009 to May 31 2010, revealing that £79.1million of turnover was generated, offset by operating costs of £79.6million. This resulted in an operating loss before player trading of £0.5million.
Kenwright told www.evertonfc.com: "From a financial perspective, the year was one which was underpinned by sensible business management which enabled us to continue to do everything within our collective power to help the manager in his concerted efforts to build a squad which would challenge the top four."
He added: "Turnover for the year of £79.1million represented a decrease of £0.6million on the previous year, £79.7million, a figure which was boosted by our progress through to the FA Cup final.
"Irrespective of their standing within the various leagues, clubs will invariably be judged on two things - performance and level of support.
"Our average attendance for Premier League games at Goodison Park rose to almost 37,000 during the course of the last campaign, a statistic which delights me but does not surprise me simply because we are fortunate enough to boast the most loyal and knowledgeable crowd in British football."
Everton's average attendance increased from 35,667 to 36,729 and season ticket numbers went up from 23,717 to 25,671, a rise of 8%, generating £19.2million.
Broadcast revenue increased to £50.2million due to the club's share of the centralised revenue deal from the Europa League, although domestic broadcast revenue was down. This was due to 13 domestic games being broadcast live in contrast to 17 in the previous season.
Commercial, sponsorship and merchandising revenue increased to £7.1million.