Vanguard records loss

Mobile theatre operator Vanguard Healthcare Solutions has reported a heavy loss for the year ended 31 December 2010. The loss for the year after taxation stood at £212,000 (2009: profit of £700,000). However, the balance sheet shows that operating profit before development costs was steady at £2.9m (2009: £2.9m) and that the firm took a huge hit on interest payable on loan agreements – £2.9m versus £1.8m in 2009.

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