Future lease costs leave Avery just in the red

Avery Healthcare Holdings reported a 7.7% rise in revenues for the year ended 31 March 2017 from £126m to £135.8m. Cost of sales were £72.9m (2016: £67.2m) and administrative expenses stood at £64.3m (2016: £59.7m). Exceptional administrative expenses of £10.4m (2016: £11.1m) arising from future property rental increases charged in year of £8.3m (2016: £8m)…