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Champions League progression sees Celtic's profits increase in second half of 2012

Updated: Monday, 11 Feb 2013 17:07 | Comments

The Glasgow club have already beaten Barcelona in this season's Champions League
The Glasgow club have already beaten Barcelona in this season's Champions League

Celtic's Champions League success helped virtually wipe out their bank debt as they made a pre-tax profit of almost #15million in the second half of last year.

Celtic's net bank debt stood at just £130,000 on 31 December- down from more than £7million 12 months previously, according to the club's interim report.

Celtic's turnover increased by 71% to just over £50million in the final six months of the year, with operating expenses up by 30% to almost £37million.  

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