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The latest announcement is out from Celtic ( (GB:CCP) ).
Celtic PLC reported a slight decrease in revenue for the six months ending December 2024, with figures falling by 2.1% to £83.5m. Despite this, profit before taxation increased to £43.9m from £30.3m the previous year, driven by significant gains from player transfers. The company faced higher costs due to increased labor, utility expenses, and maintenance investments, leading to a reduction in cash reserves. Celtic’s strategic player investments and participation in prestigious tournaments such as the UEFA Champions League are designed to bolster its operations and maintain a strong competitive edge. The company acknowledges the seasonal nature of its earnings and anticipates a lower financial performance in the latter half of the fiscal year.
More about Celtic
Celtic PLC operates in the sports and entertainment industry, with a focus on professional football. The company is involved in organizing football matches and participating in various leagues and tournaments, including the UEFA Champions League. It invests in player acquisitions and infrastructure to enhance its competitive position.
YTD Price Performance: 1.70%
Average Trading Volume: 1,878
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $199.6M
For an in-depth examination of CCP stock, go to TipRanks’ Stock Analysis page.