Profits down for Somerset Care

Somerset Care experienced a small drop in revenues from £80.8m to £80.1m for the year ended 31 March 2015. After subtracting cost of sales of £65.4m (2014: £66.7m) and administrative expenses of £9.8m (2014: £8.4m), the provider made an operating profit of £5m (2014: £5.8m). Taking into account £1.2m of interest charges on bank borrowing…