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Celtic report improved results

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Submitted by WG on Mon, 13/02/2012 - 15:34

Celtic have reported improved results for the six months to 31 December.   Turnover was up 3.1 per cent to £29.3m.   Particularly encouraging was the reduction in bank debt by £2m to just over £7m. 


A pre-tax profit of £180,000 was recorded.   Any profit in current circumstances is worthwhile, although this figure is down from £7m in the same period of 2010..  The restoration of the club to the Europa League competition boosted turnover by just under £1m.


Celtic chief executive Peter Lawwell has insisted that the prospect of rivals Rangers going into administration 'or worse' would have no financial impact on Celtic.

Related Clubs: 
Celtic plc