Arsenal have announced pre-tax profits of £35.2 million and a significant reduction in debt for the six months ending November 30, 2009. The club also announced significant progress at Highbury Square, where the sale of 261 apartments raised £96.6 million - an increase of £38.2 million on 2008 - with all the proceeds used to pay off the project's debt. The group's property business recorded a pre-tax profit of £9.3 million.
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