Beijing's Olympic committee would not need state financial support to hold the 2008 Games, which are expected to turn a profit of about $20 million to $30 million, according to a senior Games organiser.

Yu Zaiqing, an executive vice president of the Beijing Organising Committee for Olympic Games (BOCOG), said revenues from broadcast rights, sponsors, merchandise and ticket sales would exceed anticipated costs of $2.4 billion to host the Games.

"Revenue from these four main areas can guarantee a budget of $2.4 billion. According to my initial estimates, the (Olympics) will generate about $20 million to $30 million in net profit," Yu was cited as saying by Friday's China Business News.

"I can confidently tell you, we do not need one cent of state financial support to hold this Olympics," Yu said.

Organisers have previously said the Games would still make a profit despite costs increasing 30 percent to finance enhanced security measures since the Chinese capital won the right to host the Games in 2001.

Beijing Games organisers were "preparing to use the profit to build an athletes' fund," Yu said, without elaborating.