Celtic Football Club have posted a £500,000 profit a year after a loss of almost £4m in the previous 12 months.

The Scottish champions posted their final financial results for the year ending June 30, 2016, on the London Stock Exchange on Monday afternoon, revealing an increase in revenue of 1.8% to £52m.

The early impact of the appointment of Brendan Rodgers as manager in May is reflected in a spike in season ticket revenue.

Operating expenses increased by more than 7% to £57.1m, while the gain on player sales rose significantly from £6.8m in 2015 to £12.6m.

This is largely down to defender Virgil Van Dijk's big money move from the Parkhead club to English Premier League side Southampton in September last year.

As of June 30, 2016, the club's deferred revenue stood at £19.9m, a jump of 56% from the previous year's figure of £12.7m.

The club also forked out £715,000 in compromise payments for early termination of player contracts as well as former assistant manager John Collins and a number of support staff.

A profit of £4.7m was made on merchandising, a marginal increase on the previous year.

Celtic's year-end cash at bank figure was £3.6m and and the club turned a £3.9m loss last year into a profit of £500,000.

Chairman Ian Bankier said: "These results, which show a profit before taxation of £0.5m compared to loss before tax of £3.9m last year, in comparable trading conditions, reflect in large part the increased contribution during the year from the sale of player registrations.

"Following two seasons in which the club did not qualify for the group stages of the UEFA Champions League, the increased contribution from player trading enabled the company to maintain investment in football operations and to continue to build for the future.

"The board continues to believe that the company's self sustaining financial model provides the necessary stability to preserve the long term future of the club and player trading remains an important element of that model.

Chief executive Peter Lawwell said: "On the pitch, the year to June 30, 2016 did not meet with our expectations.

"Whilst the SPFL Premiership title was retained, our performances in the domestic cup competitions and in European competition were poor, as the club failed to reach either domestic cup final and failed to qualify for the group stages of the UEFA Champions League for the second successive season.

"Off the pitch, the company returned to profit, mainly as a result of the transfer of certain player registrations during the period leading to a gain on sale of player registrations of £12.6m.

"This enables us to continue to deliver long-term sustainable football success in a very challenging environment.

"For a club like Celtic, operating in a market where television values have fallen significantly behind our neighbours across Europe, qualification for the group stages of the UEFA Champions League is of paramount importance.

"The financial rewards allow for investment in the playing squad and physical assets, but moreover, the prestige of participating in the premier club competition in the world reinforces the reach and importance of the club to so many people around the world.

"Fundamentally, Celtic is a Champions League club; our infrastructure and continued investment reflect that."