Profitable first year for CMG

The parent company of Care Management Group, CMG HoldCo reported a turnover of £52.9m in its first full year results for the year ended 28 February 2015. Cost of sales stood at £29.8m and administrative expenses were £15.8m, leaving an operating profit of £7.2m. Interest charges of £4.6m, largely from on term loans, left CMG with a pre-tax profit of £2.6m.