Margin pressures greet new CEO

Shares in Care UK, the quoted care provider, fell by 22.5 pence to 191 pence following the announcement of disappointing preliminary results for the year ended 30 September 2001. Despite a 21% rise in revenues to £81.24m (2000: £66.93m), pre-tax profits grew by just 3.3% to £7.09m (2000: £6.86m) and margins fell to 11.9% (2000:…

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