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ORIENT season and matchday ticket prices will be frozen for the 2008-09 season, the club announced at its Annual General Meeting on Tuesday.

Over 70 shareholders were in attendance at the Olympic Suite for the meeting, in which Chairman Barry Hearn kept them abreast of the club's financial position, as well as outlining his plans for the next 12 months.

The club announced a trading loss of £131 before profit on disposal of assets for the financial year ending June 30 2007 (compared with a 2006 loss of £913,219). This was mainly due to the sale of Gabriel Zakuani to Fulham for £1m - with the entire transfer fee included in that year's accounts even though the money is paid over a period of time.

However, after disposal of assets the figure rises to a profit of £988,132 (up from £501,106 in 2006).

This figure includes £988,263 profit on disposal of assets (£1,414,325 in 2006) and net transfer fees receivable of £979,918 (up from a net payable of £45,082 in 2006).

The O's chairman was also full of praise for manager Martin Ling and his coaching staff, paying tribute to their efforts in building on last season's survival in League One with another year of improvement.

Directors Steve Davis and David Dodd were re-elected to the board. Hearn reiterated that the club were in discussions with the LDA and would be interested, subject to agreement and following discussions with all the stakeholders and consultation with the fans, in a move to the Olympic Stadium.

4:16pm Wednesday 26th March 2008

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