Vatican profit up in 2010 but donations down

ROME - The Vatican swung back to profit in 2010 after registering a loss in the previous three years, but donations fell 18 percent in a year in which sexual abuse scandals dented the image of the Roman Catholic Church, it was reported on Saturday.
The Holy See said in a report its profit totaled 9.85 million euros ($14.3 million) in 2010, up from a loss of 4.1 million euros in 2009 and losses in 2008 and 2007.
Pope Benedict made a strong apology to victims of sexual abuse by Catholic priests last year, seeking to come to grips with the scandal that shook the 1.1 billion member church.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy