Cricket West Indies is reporting three consecutive years of surplus after it achieved its target for the 2016-17 financial year.
The period ended on 30 September.
President Dave Cameron said he remains optimistic that “the policies in place and the newly formulated strategic plan will continue to keep the organisation’s financial management efficient, even as we look ahead to what could be considered a difficult year ahead up to September 2018.”
The most recent board of directors meeting, held earlier this month in Nevis, accepted the recommendations in a five-year strategic plan.
The plan seeks to “produce world class players and winning teams, unlock the full potential of the Windies brand, achieve equity of opportunities throughout the sport in the region, [and] increase the number of Caribbean people involved in the playing of the sport”.
A series of “stakeholder consultations” with various teams influenced the plan, during which the internal and external factors within the organisation were examined.
Early next year Cricket West Indies will make a series of key announcements regarding new player contracts, a player registration system, venues for the region’s hosting of the 2018 ICC Women’s World Twenty20 Championship.
There will also be a push towards strengthening the regional competitions in across all formats.