Hearts of Oak have reported a profit of GHS 40,194 (about $14,202) at their Annual General Meeting (AGM) held on Wednesday.

The amount represents monies realised after tax for the period ending August 31, 2013.

This was disclosed at the meeting of club shareholders held at the Karma Conference Centre in Accra.

It is however unclear how the profits realised will be disbursed. It was also announced during the AGM that all formalities have been concluded to have the club enlist on the Ghana Stock Exchange by the end of next month.