AFL premiers Geelong have capped an outstanding 2009 by announcing an operating profit of more than $650,000.

The Cats marked their 150th anniversary by winning their second premiership in three years when they beat St Kilda by 12 points in the grand final.

On top of that, Geelong said their operating profit of $651,794 was the club's 10th consecutive profitable result.

"The club's 150th anniversary season culminated in our second premiership in three seasons while works on the second stage of the Skilled Stadium redevelopment continued, reducing our capacity," club chief executive Brian Cook said.

"To be able to return another strong profit in the circumstances that we operated under is a significant achievement."

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