Performance turnaround for Careline

Telecare provider Careline turned around its performance for the year ending 31 December 2012 posting a £1.2m profit before tax following a £2.7m loss before tax in 2011. Turnover remained steady at £6.1m (2011: £6m) but costs decreased significantly to £2.5m from £7.1m the previous year. This left an operating profit of £1.2m an improvement on the £2.8m loss made in 2011. Following interest receivable, profit before tax hit £1.2m (2011: £2.7m after interest received and payable).

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