Loss for Cambian for second year

Mental health and learning disability care provider Cambian Healthcare posted an operating loss for the second year in a row for the year ending 31 December 2011. The loss reported in 2011 was almost £761k, an increase on 2010’s operating loss of £443k. However deductions for Cambians’s rental payments on leased assets of £15.7m were included in this figure. Turnover continued to increase and grew around £9m in 2011 to £46.2m (2010: £37.7m) with gross profit increasing from ££4.5m to £5.1m. EBITDAR shows a rise during the report period from £12m to £14.9m.