Olympics earnings hit $146m

The 2008 Beijing Olympic Games raked in a profit of more than 1 billion yuan ($146 million), the National Audit Office (NAO) said on Friday.

A report posted on the office's website said the total operating cost of the Games was 19.343 billion yuan and the operating revenue, 20.5 billion yuan.

Apart from the operating cost, China also spent 19.49 billion yuan on building 102 Olympic projects in Beijing and the five other cities that co-hosted the Games. Thirty-six of them were competition venues and the rest were used for training.