Glencare fall in overheads creates profit

Glencare Limited saw its turnover fall 30% on 2010 to the year ended 31 July 2011. The fall was due to a decrease in bed occupancy from 25 to 20. As a consequence gross profit fell 27%.Revenue fell to £2.6m (2010: £3.6m) and gross profit £814,000 (£1.1m in 2010). However profit before tax was up…