Profits grow for MedicX

Property investor MedicX Fund reported an increased total income to £25.5m (for the year ending 30 September 2013), a considerable jump from the 2012 income of £16.6m which was outlined in restated figures. Following net realised and unrealised investment valuation movements (2013: £404,000 – 2012: £2,400 loss) and expenses of £5,317 (2012: £4,454) MedicX posted profit before tax of £20.6m, more than doubling the £9.8m posted in the previous year.