Cost cutting boosts CareTech’s profits

CareTech enjoyed a solid trading period for the year ending 30 September 2013, its preliminary, unaudited results show. Turnover remained steady at £114.3m (2012: £114.1m) and underlying EBITDA was boosted to £26.4m (2012: £24.9m) as a result of a small reduction in underlying cost of sales and a larger reduction in underlying administrative expenses. At…