Revenue down but Nestor reports ‘good progress’

The cost of redundancies, vacant properties and potential liabilities from past clinical incidents have dented operating profits at Nestor Healthcare.Revenue was down 9% to £163.3m in the year ended 31 December 2008, whilst operating profit fell by 7% to £12.8m. However, exceptional charges of £7.5m pushed operating profit down to £5.3m from £13.1m the previous…