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.