Swansea City are set to announce a £14.6million profit from their debut season in the Barclays Premier League.

The club, which finished 11th in the top flight last season, had a turnover of £65.2million for the year ending May 31, 2012, according to a statement on the club's official website.

The strong set of figures showed the Swans received £5million in compensation payments from Liverpool for the departure of manager Brendan Rodgers and his staff, with the club in the black despite increased operating costs and a higher wage bill as a result of their promotion to the Premier League.

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