HC-One posts large loss

Prior to its acquisition by Formation Capital, Safanad and Court Cavendish (CCMn November 2014), HC-One reported revenues of £314.6m for the year ended 30 September 2014, an increase on the previous year’s £306.1m. Taking into account cost of sales of £319.6m (2013: £298.4m), including restructuring costs of £1.1m (2013: £0.6m) and £9m resulting from the impairment on fixed assets (2013: nil), administrative expenses of £9m (2013: £9.5m) and other operating expenses of £3.1m (2013: £3.2m), HC-One made an operating loss of £17.1m, compared to a £5m loss the previous year.

You must be a CM Subscriber to view this content.

Subscribe Now »