Newcastle have announced record profits of £18.7million last season due to increases in television income and new deals with sponsors.
The club also saw revenues increase by 35 per cent from £95.9million to £129.7million, the club said.
More than half Newcastle's income - £78.3million - came from the new Premier League television rights deals, with commercial income also increasing.
A Newcastle statement said: "Most significantly, the club reported strong commercial revenue growth delivering £25.6million in 2014, up from £17.1million in 2013. This 49.7 per cent increase was largely the result of two lucrative new deals with the club's principal sponsors, Wonga and Puma."
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Papiss Cisse has accepted a charge from the Football Association for spitting at Manchester United's Jonny Evans, Newcastle United said.
The 29-year-old Senegalese striker could face a ban of up to seven games after the incident during Wednesday's game against Manchester United.
Defender Evans, also charged by the FA, has yet to respond.
Newcastle United striker Papiss Cisse and Manchester United defender Jonny Evans have both been charged by the Football Association after allegedly spitting at each other during a game.
Both players have until 6pm on Friday to respond to the charge.
Louis van Gaal has defended Jonny Evans over allegations he spat at Papiss Cisse.
The Manchester United boss says his centre-back was unaware that he was spitting at the time.
"He wasn't aware that he was spitting. When he was spitting on the ground maybe that is a natural thing from a human being. It was not his intention."
Papiss Cisse has apologised for this part in the spitting incident involving Jonny Evans on Wednesday.
The Newcastle striker said he spat in retaliation to something Evans had done and regrets letting the club down.
I have apologies to make to a lot of people today. Firstly to my teammates and to our supporters, secondly to Jonny Evans, and thirdly to every football fan who saw the incident between myself and Jonny.
I reacted to something I found very unpleasant. Sometimes it is hard not to react, particularly in the heat of the moment. I have always tried hard to be positive a role model, especially for our young fans, and yesterday I let you down.
I hope children out there playing football for their clubs and schools this weekend will know better than to retaliate when they are angry. Perhaps when they see the problem it now causes me and my team they will be able to learn from my mistake, not copy it.
Jonny Evans said he did not spit at Newcastle United striker Papiss Cisse during their match on Wednesday.
The Senegalese international complained about the Manchester United defender's actions, but Evans strenuously denies the allegation.
Having woken up this morning I am shocked to have seen the media coverage from last night’s match. I would like to make it clear that I did not spit at Papiss Cisse.
I was totally unaware of any spitting incident and had assumed that the issue at the time was with the challenge and his attempted retaliation to the tackle from the floor. During the game Papiss Cisse and I spoke about the incident and it is clear by my reaction in the television footage that I was totally surprised by any suggestion of spitting.
It is not in my character or in my nature to spit at anybody nor is it something I have ever done or would ever do. It is certainly not something that I did last night.
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