Celtic’s revenue increased to £71.5m in final six months of last year

Celtic

Celtic's revenue increased by 17 per cent to 71.5million in the last six months of 2017, according to the club's interim report.

Profit from trading increased to 23.7million but post-tax profit was slightly down at 17.4million.

The club’s cash reserves at December 31 increased by more than 12million to 30.9million.

Chairman Ian Bankier reported that the board would retain a “self-sustaining financial model”.

Celtic signed Olivier Ntcham and Kundai Benyu during the period as well as re-signing Patrick Roberts on loan from Manchester City.

Celtic once again benefited hugely from Champions League participation. Revenue from football and stadium operations was up more than 4million to 26.8million while multi-media and commercial income experienced a similar rise to 34million.

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