Beijing Olympic made profit
Beijing Olympic organisers say they made a profit out of running last year\'s Summer Games. Jamaican sprinter Usain Bolt was the star performer of the Games.
According to figures released today by the government audit bureau, 19.3 billion yuan was spent on organising and staging the Summer Games, including the Paralympic Summer Games that followed.
That compares to income of 20.5 billion yuan thus far, leaving a profit of 1.2 billion yuan.
The biggest chunk, accounting for 40 percent, came from broadcast and marketing rights, along with sales of tickets, souvenirs, and commemorative coins and stamps.
The report further says construction and upgrading costs for 36 new Olympic venues and 66 training facilities totaled 19.5 billion yuan.
The showpiece Bird\'s Nest Olympic stadium alone ran almost half a billion yuan over budget due to design modifications and higher prices for construction materials, coming in at a final cost of 3.1 billion yuan.