The Red and White Wizards, currently lying top of Division One after that 2-0 win over West Brom reached both semi-finals of Worthington and FA Cup only to be knocked out by Premiership giants Liverpool and Arsenal respectably.
Sheffield United plc chairman Kevin McCabe said "The results are all the more remarkable recognising that the Nationwide League central distribution for TV income was some £2.4m less than in 2002, arising principally due to a loss of revenue from ITV Digital.
"Were it not for the collapse of ITV Digital in March last year, profits of real substance would have been earned."