CARLTON has recorded a net deficit in excess of three quarters of a million dollars for the past year, by is still way ahead of its 2015 result. 

Including depreciation and amortisation, the Blues recorded a net deficit of $765,000 for the year ending October 31, compared to the 2015 loss of $2.7 million.

Announcing the result at Wednesday night's members' forum, president Mark LoGiudice said the financial improvement was a sign of the club's growth. 

"We have managed our costs very effectively and have a clear vision to continue to advance our revenue streams both in a traditional and non-traditional capacity," LoGiudice said.

"Across the board, the club experienced substantial growth and improvement – ranging from seven wins (an increase from four the previous year) and membership of over 50,202 for only the second time in our history."

LoGiudice said a "commercially poor fixture" meant gate receipts were well down.

Carlton recorded a $1.1 million operating profit before depreciation and amortisation.

The Blues' annual general meeting will be held on February 20.