Celtic PLC on Wednesday said it has performed ‘significantly’ above market expectations as Covid-19 restrictions have loosened.

During the 2021/2022 football season, Celtic returned to full capacity spectator attendance following the loosening of Covid restrictions.

The Scottish football club said that as a result revenue for the year ended June 30 will be ‘significantly’ higher than market expectations, which were formed when outlook was understandably more cautious of the pandemic.

It added that player registration valuations and player trading can materially influence Celtic’s financial performance.

In this context, Celtic intends to publish its results for the year ended June 30 in mid-September, following the closure of the Summer transfer window and in line with its previously recognised timetable.

Shares in Celtic were down 4.2% to 115.00 pence each in London on Wednesday afternoon.

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