Leyton Orient have announced an operating profit of £377,435, for the year ended June 30 2011.

The figure showed an improvement from a loss the previous year of £787,936, with last season’s run to the fifth round of the FA Cup contributing to the improvement.

The news was announced at the club’s Annual General Meeting on Wednesday, with chairman Barry Hearn confirming the club would continue to fight West Ham United’s proposal to take tenancy of the Olympic Stadium.

Chief executive Matthew Porter was re-elected to the board but it was announced that Steve Davis would be standing down from the club’s Board of Directors.