Pre-tax profits plummet at McCarthy & Stone

Pre-tax profits at McCarthy & Stone fell by more than half in the six months to 28 February 2018, as fewer land exchanges and planning consents were secured by the company. Despite revenue growing by 1% to £239.6m (2017: £238.2m), pre-tax profits dropped 52% to £10.5m, down from £21.8m in the same period last year….