MedicX Fund sees strong profit growth

MedicX Fund Limited, the specialist primary care infrastructure investor in modern purpose-built primary healthcare properties in the UK, in its results for the six months to 31 March 2013 reports a significant rise in income to £12.3m (2011: £7.4m). Total valuation and impairment adjustments were £787,000 (2011: £287,000). Total expenses including acquisition costs were £9.5m (2011: £6.8m) leaving a profit before tax of £3.6m (2011: £900,000).