HIBERNIAN today revealed they have posted a £200,000 profit after winning the Scottish Cup for the first time since 1902.

In a letter to shareholders accompanying the Easter Road club’s financial statements for the 2015/16 season, chairman Rod Petrie confirmed they had made money as a result of their on-field success.

Hibs reached the final of the League Cup, where they were beaten by Ross County, and made it into the Premiership play-offs, where they lost to Falkirk, last term.

The Championship club, whose turnover increased from £5.6 million to £7 million, posted a net profit of £0.2 million after two years of losses.

The chairman wrote: “The financial statements show a robust financial position at June 30, 2016. The club has no external debt."

Petrie - who was widely criticised for describing the pitch invasion by Hibs fans, during which Rangers players were attacked, at the Scottish Cup final as "over-exuberance" - also looked back on the Hampden triumph.

He wrote: “To say this was a momentous achievement for the club is a massive understatement given the anxiety and emotions which had pent up over the decades since previous wins. That was evident on the day at Hampden Park.

"Great joy and jubilation also was evident the next day as tens of thousands of Hibernian supporters witnessed the open top bus parade from the City Chambers to Leith Links.

"Who can look back on these events without a lump in their throat and a tear in their eye remembering all those who have gone before and who would have wished to share this achievement with us?”

Petrie stressed the enthusiastic backing of a share issue by supporters had enabled Hibernian to achieve on-field success and expressed hope that promotion to the top flight would be achieved in the coming months.

“The board asked supporters to help fund sporting success through the share issue," he wrote. "The club received a total of £1.1 million in cash from supporters subscribing for new shares between February 2015 and June 2016.

“This undoubtedly contributed to the club’s ability to maintain a squad of players and a management team capable of reaching two cup finals.

“In doing that, the club faced Aberdeen, Dundee United twice, Heart of Midlothian, Inverness CT, Ross County and St Johnstone from the Ladbrokes Premiership and overcame them all apart from Ross County at Hampden in March.

“The sporting challenge now is promotion. Everyone at the club is focussed on that. Almost 11,000 Hibernian supporters have bought season tickets for this season.

“The attendance at Easter Road Stadium for the first home league match of the season against Dunfermline Athletic was more than 16,000. These are big numbers. The club needs this continued level of support to help fund a promotion season. Together we will succeed just as we all did at Hampden in May.”