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Vatican Says It Is Profitable Again

The Vatican says it was profitable in 2010, after three years of being financially in the red.

The Vatican said Saturday that it made a profit of more than $14 million last year on revenue of about $356 million. That contrasts with a loss of nearly $6 million in 2009 and losses in 2007 and 2008 as well.

The separately administered Vatican City State also was profitable in 2010, with earnings of more than $30 million on strong ticket sales at Vatican museums.

Despite the 2010 profit, the church said that donations from churches worldwide - the so-called Peter's Pence - fell nearly $15 million to just under $68 million. The Vatican offered no reason for the decline in donations, but sexual abuse allegations against parish priests emerged last year in Europe, traditionally a top region for donations.

Some information for this report was provided by AP.