CELTIC yesterday unveiled financial figures that show the club to be ''very robust'' financially, 'very stable'', according to Peter Lawwell, the chief executive.
CELTIC yesterday unveiled financial figures that show the club to be ''very robust'' financially, 'very stable'', according to Peter Lawwell, the chief executive.
Peter Lawwell and Neil Lennon have worked in tandem to control costs
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Hugh MacDonald
He added: ''We are not complacent, not over-confident. This year we have not won anything but if these figures as regarded as a snapshot of today then we are in decent shape.''
The club reduced its bank debt by £2m to £7m during the second half of last year, interim financial figures for the six months to December 31 show. Celtic made a pre-tax profit of about £180,000 while cutting the debt to just more than £7m. Turnover increased by 3.1% to £29.3m. Celtic reported investment in football personnel of almost £4.5m, half of the figure for the same period last year, when they profited from the sale of Aiden McGeady among others.
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