Hibernian have announced financial results for the year ending July 31, 2010 which showed a profit for the sixth consecutive year. A net profit of £100,000 came in a year which saw staff costs increase to £4.8million - a ratio of 68% to turnover - with turnover decreased by eight per cent to £7.1million.

Chairman Rod Petrie said: "To have achieved a profit for six consecutive years is a truly outstanding achievement within football, let alone football within Scotland.

"Being in 'profit' means that the club is self sufficient and in control of its own destiny - it also means any surplus income is retained within the club and re-invested for the future.

"The club's financial position is the envy of many other clubs."