The Practice in the red despite ‘massive revenue growth

Primary care services provider The Practice plc recorded massive revenue growth for the fifteen month period to 31 March 2011 but went further into the red because of acquisition turnaround costs. Turnover more than trebled from £8.22m to £25.9m. Losses on ordinary activities before tax were £3m compared with losses of £748,214 in the 12 months to 31 December 2009.