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Daily Record
Daily Record
Sport
Iain Collin

Hibs post profit of almost £1 million as insurance payout and Government cash key to improved finances

Hibs Easter Road Ron Gordon Shaun Maloney

Hibs have announced a net profit of over £900,000 in their latest accounts after taking in over £5 million in extra financial help because of the coronavirus pandemic.

The Easter Road side have detailed a £2.88 million loan from the Scottish Government and around £2.5 million in business interruption insurance and furlough income in the year up to the end of June 2021.

The £919,000 profit compares to a net loss of £1.23 million in the previous 12 months.

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