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Hearts 2017/18 financial results covered a “disappointing” season as they finished 6th in SPFL Premiership, but they “managed to deliver a very credible financial performance, while making great strides forward in terms of rebuilding infrastructure.” Some thoughts follow #hmfc
Hearts profit fell from £2.3m to £1.8m, despite revenue rising £0.8m (7%) to £12.3m (including player loans) and profit on player sales doubling to £0.4m, as these were offset by £2.1m cost growth. Included £3m donations: for stadium redevelopment £2m and player costs £1m #hmfc 
Hearts revenue growth driven by gate receipts, which increased £1m (24%) to £5.3m, and commercial income, up £0.2m (4%) to £4.3m, offset by lower TV, down £0.3m (11%) to £2.5m. Exceptional donations from unknown benefactors were £0.5m higher at £3.0m #hmfc
