CareTech posts positive results as turnaround of Cambian continues

Farouq Sheikh, CareTech executive chairman

Group revenue at CareTech for the half year has risen 8.3% to £208.5m (H1 2019: £192.5m), reflecting the continued turnaround of Cambian and fee increases. Results for the six months to 31 March showed underlying EBITDA grew to £48.6m, up from £33.3m, while underlying profit before tax increased to £25.9m (2019: £20.7m). Its interim results…

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