Business
Interim Results
Interim Results.
About this update from Celtic Plc
[{"type":"text","content":"\n \nRNS Number : 9785O Celtic PLC 12 February 2016 \n\n \n \nCeltic plc (the \"Company\")\n \nINTERIM REPORT FOR THE SIX MONTHS TO 31 DECEMBER 2015\n \nOperational Highlights \n \n· Currently top of the SPFL Premiership\n \n· Continued participation in the Scottish Cup \n \n· 17 home fixtures (2014: 18)\n \n· Participated in Group Stages of UEFA Europa League\n \n· Unveiling of Billy McNeil Statue\n \nFinancial Highlights\n \n· Revenue increased by 0.3% to £31.4m (2014: £31.3m)\n \n· Profit from trading was £1.6m (2014: £3.2m)\n \n· Profit from transfer of player registrations (shown as profit on disposal of intangible assets) £12.6m (2014: £7.1m)\n \n· Profit before taxation of £11.7m (2014: £6.6m)\n \n· Period end net cash at bank of £7.7m (2014: £5.3m)\n \n· Investment in football personnel of £6.1m (2014: £5.7m)\n \n \n \n \nCHAIRMAN'S STATEMENT\n \nI am pleased to report on our financial results for the six months ended 31 December 2015. These show a profit before taxation of £11.7m (2014: £6.6m) and period end net cash at bank of £7.7m (2014: £5.3m). The introductory page to these interim results summarises the main highlights. \n \nOn the park, it has been a frustrating season. We are top of the Scottish Premiership and in the Sixth Round of the Scottish Cup, but we fell short in the SPFL League Cup, being knocked out in the semi final. In the European competitions, we were unable to progress beyond the group stages of the UEFA Europa League, having not qualified for the group stages of the UEFA Champions League. \n \nInvestment in, and management of, our playing squad remains a key component of the Club's strategy and financial performance. Our profit on disposal of intangible assets of £12.6m (2014: £7.1m) largely reflects the transfer of the registration of Virgil Van Dijk to Southampton. Over the same period we re-invested in the playing squad, with £6.1m expended (2014...