Celtic plc said in a trading statement late on Tuesday it expects that its earnings for the year ended June 30, 2024, “will be significantly higher than previous expectations.”

The company said: “Celtic has enjoyed a strong on pitch performance in the 2023/24 football season having won the domestic double.

“In addition, it has enjoyed a successful year in generating gains from player trading.

“As a result of such gains and a strong end to the season from a footballing perspective, Celtic now expects earnings for the year ended 30 June 2024 will be significantly higher than previous expectations, which were formed before the conclusion of the season and prior to certain player disposals.

“Player registration valuations and player trading can and often do materially influence Celtic’s financial performance in addition to trading revenue.

“The Summer transfer window is underway and following the closure of the window and the finalisation of the year end balance sheet review, the Club will then be in a position to confirm the extent of its earnings by publishing its results for the year ended 30 June 2024, in line with its usual timetable in mid-September 2024.”