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It was the company's second consecutive profit.
City's announcement of a second consecutive profit comes just five years since they recorded the biggest ever loss by any club in English football history, £197m in 2010-11.
Allianz, Europe's biggest financial-services company, reported higher-than-expected profit in the second quarter as its Dresdner Bank unit posted a second consecutive profit because of cost reductions and lower loan provisions.
Oracle 's second consecutive profit warning is sending up red flags that perhaps its problems aren't macroeconomic but fundamental issues with the company itself.
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Computer-related shares rose, helping the Nasdaq composite index to a third consecutive gain, after Microsoft reported profit that met expectations, suggesting that the worst of the profit slowdown may be over for some technology companies.
Micron Technology, the maker of computer-memory chips, reported a second consecutive quarterly profit as sales jumped 34percentt.
It was the second consecutive quarterly profit for U.S. Steel, and the second quarter row it has topped Wall Street's expectations.
ConAgra Foods Inc. said yesterday that its earnings would be at least one-third less than analysts' estimates, its second consecutive quarterly profit warning.
The largest Dutch phone company, Royal KPN, had a second consecutive quarterly profit on reduced costs, rebounding from the industry's worst slump.
The German bank, the HVB Group, reported a second consecutive quarterly profit as it sold assets and set aside less money for doubtful loans.
Motorola executives said today that the second-quarter report represented the eighth consecutive quarterly profit gain and was just the latest indication that the company was aggressively moving ahead.
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