Telecare provider Tunstall remains upbeat despite recording loss

Tunstall Healthcare Group Ltd, which provides telehealth and telecare services internationally, reported global revenue growth of 27% to £182.1m for the year ending 30 September 2012 (2011: £143.2m), additional revenues coming primarily from overseas acquisitions including American Medical in the States and STT Condigi in the Nordic region (£35.8m), but also with a pleasing contribution of £5.5m from organic growth of 9% in UK operations. Operating profit before amortisation of goodwill and exceptional items was £43.5m (2011: £37.3m), but after deductions of £26.7m (amortisation of goodwill on acquisitions) and £6.4m (operating exceptional items) Tunstall was left with operating profits of just £10.3m (2011: £11.1m).

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