CMG’s debut results show small profits

CMG HoldCo, the company which acquired Care Management Group on 2 December 2013, also the date it commenced trading, reported revenues for the 23-weeks ending 28 February 2014 of £12.8m. After cost of sales of £7.6m and administrative expenses of £3.2m were deducted, the new company achieved an operating profit of £1.9m.

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