Record margins at M&S

McCarthy and Stone, the retirement housing developer, has reported revenues of £165m (£147m) and profit before tax of £60.5m (£53.5m) for the year to 31 August 2001. Operating profit margins increased to 36% (34.7%), a record for the company. The group sold 1,550 units (1,536) in the year on 113 sites (109) at an average…