Costs eat into Sanctuary’s profits

The Sanctuary Group’s care home arm reported a turnover of £64.8m for the year ended 31 March 2012, an increase of 9.6% on the previous year’s £59.1m. This equated to £610 per week per bed, an increase of £11 from 2011.Administrative costs, however, rose at the same rate as revenues, with staff costs still accounting…