Life Style Care posts small profit on ex-Southern Cross portfolio

Care Home operator Life Style Care (2011) plc has reported revenues of £50.9m in its first 14 months of trading to 31 October 2012. It made a gross profit of £17.9m but, due to administrative expenses of £16.4m, including £6.6m on operating lease costs, a profit before tax of £1.6m was posted.