celtic_babe
03-31-2005, 03:00 PM
Celtic have reported an improved financial performance for the six months leading up to 31 December 2004.
The SPL champions made a pre-tax profit of £2.04m and group turnover increased by 8% to £38.98m.
Celtic's debt was reduced to £17.38m but chairman Brian Quinn warned that future figures would not be so good.
He said: "Elimination from Europe in December and the fact that we will play fewer home games in the second half of the year will lead to lower revenues."
Celtic fell out of the Champions League after just one victory and failed to qualify for the Uefa Cup after Christmas.
Quinn added: "Ticket sales and multi media revenues rose by 14% and 30% respectively, largely as a result of participation in the Uefa Champions League and the increase in season-ticket pricing implemented earlier in the year.
"There was also an additional domestic league game compared to the corresponding period a year ago."
The SPL champions made a pre-tax profit of £2.04m and group turnover increased by 8% to £38.98m.
Celtic's debt was reduced to £17.38m but chairman Brian Quinn warned that future figures would not be so good.
He said: "Elimination from Europe in December and the fact that we will play fewer home games in the second half of the year will lead to lower revenues."
Celtic fell out of the Champions League after just one victory and failed to qualify for the Uefa Cup after Christmas.
Quinn added: "Ticket sales and multi media revenues rose by 14% and 30% respectively, largely as a result of participation in the Uefa Champions League and the increase in season-ticket pricing implemented earlier in the year.
"There was also an additional domestic league game compared to the corresponding period a year ago."