No Dodgy Overdrafts – Celtic Interim Report Show Increased Profits

CELTIC released their six month interim report this afternoon and it makes for impressive reading!

Revenue is up! Profit is up! In Europe beyond Christmas. It’s been a great six months for the club. These reports don’t take into account any January transfer business, nor will it show our cut of the Virgil van Dijk record transfer.

Operational Highlights

• Currently top of the SPFL Premiership

• Winners of the Scottish League Cup for the second season in a row

• 19 home fixtures (2016: 18)

• Successfully qualified for the Group Stages of UEFA Champions League

• Secured European football after Christmas by qualifying for the round of 32 of the Europa League

Financial Highlights

• Revenue increased by 16.8% to £71.5m (2016: £61.2m)

• Profit from trading was £23.7m (2016: £21.4m)

• Profit from transfer of player registrations (shown as profit on disposal of intangible assets) £0.5m (2016: £2.0m)

• Profit before taxation of £19.5m (2016: £18.6m)

• Profit after taxation of £17.4m (2016: £18.6m)

• Period end net cash at bank of £30.9m (2016: £18.6m)

CHAIRMAN’S STATEMENT

I am pleased to report on our interim results for the period ended 31 December 2017. These show revenue of £71.5m (2016: £61.2m) and a profit from trading of £23.7m (2016: £21.4m). Overall this resulted in a profit before taxation of £19.5m (2016: £18.6m) and a period end net cash at bank of £30.9m (2016: £18.6m). The introductory page to these interim results summarises the main highlights.

Advertisement goes here

Advertisement goes here

Other stories

Celtic’s chaotic transfer window continues to come under heavy scrutiny, with

Celtic’s summer transfer window came to a frustrating and chaotic close,

Breaking news