Business
Preliminary Results - Correction
Preliminary Results - Correction.
About this update from Celtic Plc
[{"type":"text","content":"\n \nRNS Number : 8237P Celtic PLC 04 October 2013 \n \n\nCELTIC plc\n \nPreliminary Results for the year ended 30 June 2013 (Correction) \n \n \nCeltic plc announces that the announcement made on 23 September 2013 in respect of the preliminary results for the year ended 30 June 2013 contained a typographical error in the Chairman's statement which referred to an operating profit of £13.1 million which is in fact profit from trading before asset transactions and exceptional items as shown in the accounts later in the announcement.\n \nAll other details remain unchanged. The full amended announcement is shown below and reports a retained profit before tax of £9.74m, compared to a loss of £7.37m in the previous year.\n \nSUMMARY OF THE RESULTS\n \n \nOperational Highlights\n \n· Winners of the SPL.\n· Winners of the Scottish Cup.\n· Progression to the last 16 of the UEFA Champions League having played 6 home European matches (2012: 4).\n· 30 home matches played at Celtic Park (2012: 24).\n· Celtic Park selected to host the opening ceremony for the 2014 Commonwealth Games.\n· New 3 year shirt sponsorship contract with Magners Irish Cider.\n· 125 Anniversary celebrations.\n \n \nFinancial Highlights\n \n \n· Group Revenue increased by 47.7% to £75.82m (2012: £51.34m). \n· Operating expenses increased by 15.2% to £62.71m (2012: £54.44m). \n· Investment in football personnel of £9.66m (2012: £5.24m). \n· Year end net cash at bank £3.76m (2012: £2.77m net bank debt).\n· Exceptional costs of £1.83m (2012: £0.54m).\n· Profit before tax £9.74m (2012: £7.37m loss).\n \n \n \n \nFor further information contact:\n \n\n\n\n\nIan Bankier, Celtic plc\n\n\nTel: 0141 551 4235\n\n\n\n\nPeter Lawwell, Celtic plc\n\n\nTel: 0141 551 4235\n\n\n\n\nIain Jamieson, Celtic plc\n\n\nTel: 01...