James Taylor has confirmed Rangers' New Edmiston House has generated a £2m revenue.
The Ibrox chief financial officer revealed the club turned over a sizeable profit from the venue at the AGM on Thursday.
As part of his business review, Taylor explained it has been a "challenging" few months for the club with the Copland Stand works and summer transfer window.
He also touched on the "disappointing" end to last season in his remarks at the AGM.
However, he was optimistic as he insisted there was a "positive" outlook for the club as he detailed figure in the RIFC accounts.
One of those positives is the money generated by New Edmiston House. The venue's £2m revenue resulted in a £500k profit for the club.
Taylor is hopeful that hospitality ad partnerships in the UK and Europe will play a role in "further growth" for the club after record revenue was recorded in the most recent accounts.
However, he was less enthused by the difficulties in the loss on player trading for Rangers.
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Nilks Koppen had admitted the player trading system at Ibrox "has not worked for some time".
He said: "In addition to James [Taylor's] piece around the player trading model and our absolute need to improve that on a system-based, we installed some key principles throughout the last two transfer windows as you all can see on the slide that's been shown.
"One of these key principles was to reduce the average age of the squad and you can see the average age of the player at that club in the last window and on the other side, you can see the average age of the young talent signed. So, the difference between 29.7 and 23.5, that's a big difference and it's one of the key principles that we want to have.
"The second thing is normalizing the wage structure. You see the total cost, the standard cost of the previous season was £41 million, circa £41 million. The current team is running up around £35 million, that's a big difference.
"I think the most important thing was to create value inside of this team. I think that's the most important principle that we had to implement.
"So for us, these principles are key in the recruitment strategy and the windows to come and to be sustainable, consistent, willing, and non-negotiable."
