Pre-tax profit dips at CareTech following Cambian deal

CareTech positive over fee rises
Farouq Sheikh, CareTech’s executive chairman

Pre-tax profit fell by 19% at CareTech despite revenue rising 119.8% following the capture of Cambian, its interim results show. In its first financial results since buying Cambian in October 2018, CareTech posted revenue for the six months ended 31 March 2019 of £192.5m (H1 2018: £87.6m) The split of revenue was £98.3m for CareTech…

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