Meallmore reports rise in revnue

Care home operator Meallmore Limited reported a 8.1% rise in revenues from £39.9m to £43.2m for the year ended 31 March 2017.

Direct costs stood at £26.8m (2016: £24.6m) and administrative expenses were £10.4m (2016: £9.8m) leaving an operating profit of £6m, up on the £5.5m recorded the previous year.

Interest charges of £2.2m (2016: £2.3m) left operator with a pre-tax profit of £3.7m, marginally up on the £3.3m achieved the previous year.