Southern strategy increases Hallmark’s profits

Hallmark Care Homes Group reported a 6.5% rise in revenues from £52.4m to £56.3m for the year ended 31 March 2017. Cost of sales stood at £32.2m (2016: £29.m) and administrative expenses were £13.3m (2016: £16.6m), leaving an operating profit £10.8m, a 72.2% increase on the previous year’s £6.3m. With no income from shares in…