Solid year end results for Runwood

Revenues rose by 11.5% from £93.7m to £105.7m for Runwood Homes in the year ended 30 September 2014. After taking into account cost of sales of £64.7m (2013: £57.4m) and administrative expenses of £20.6m (£18.9m), the care home provider achieved an operating profit of £20.4m (2013: £17.5m). A £18,500 profit of the sale of tangible fixed assets (2013: £1.4m loss on the sale and impairment of this asset class), and interest charges of £4.3m (2013: £4m) left the the operator with a £16.1m pre-tax profit (2013: £12.2m).