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Those ‘Dembele Dollars’ to the Rescue, as Celtic PLC release Interim Report

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CELTIC this evening released their Interim Report for the six months to 31 December 2018 and as expected there is a £30million ‘hole’ caused by the failure to progress to the Champions League Group Stages.

But the sale of Big Moussa to Lyon on the last day of the summer transfer window brought in enough of those fabled ‘Dembele Dollars’ (copyright FF) to compensate for that dip.

The club’s Rrevenue decreased by 30.1% to £50.0m (2017: £71.5m) whereas profit from trading was £6.2m (2017: £23.7m) However there was a huge jump in profit from transfer of player registrations (shown as profit on disposal of intangible assets) at £17.6m (2017: £0.5m).

The PLC Chairman Ian P Bankier released the following statement: I am pleased to report on our interim results for the period ended 31 December 2018.

The introductory page to these interim results summarises the main highlights.

Finally the period end net cash, net of debt and debt like items, was £37.7m up by more than £20m on the year before (2017: £17.0m).

These show revenue of £50.0m (2017: £71.5m) and a profit from trading of £6.2m (2017: £23.7m).
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