Losses increase for Medicals Direct

Medicals Direct Holdings Ltd, the provider of medical screening services, reported a reduction in turnover for the year ending 31 December 2011 from £21.8m in 2010 to £20.5m. It also saw its operating losses balloon from £19,000 in 2010 to £5.9m and, in turn, recorded a loss before tax of £6.8m (2010: £458,000). Despite this…