Hearts chairman Roman Romanov has vowed to bolster the squad in January despite the posting of pre-tax losses of 2.7m for the past year.
Romanov said: “While there is much work to be done, the club is in a much better position than 12 months ago.
“The team-building process continues with further investment planned for the January transfer window.
“After a dramatic 12 months I feel Hearts will come out of recent turbulent times stronger.”
The club recorded a 1.26m increase in turnover for the year ending July 31 due to increased season ticket sales and on the pitch.
Reaching the of the Tennent’s Scottish Cup and CIS Cup boosted revenue last season, as did an increase in television income and gate receipts due to the club’s UEFA Cup campaign.
Hearts also announced a reduction in staff costs of 503,000 after reducing player costs and salaries.
However, failure to qualify for Europe last season and two managerial changes have affected the club’s finances.
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