Strong growth at McCarthy and Stone

Retirement housing developer McCarthy and Stone has reported half year revenues of £63.9m (2001: £58.5m) for the six months ended 28 February 2002. The group, which achieved record profit margins of 36% for the year ended 31 August 2001, announced pre-tax profits of £22m (2001: £18.3m) and operating margins of 34% (31%) for the half…