Revenues up but Mears records pre-tax loss on homecare business

Listed homecare operator Mears reported revenues of £940.1m, an increase of 6.7% on the previous year’s £881.1m, for the year ended 31 March 2016. Turnover in its care business rose by 5% from £146m to £152.6m, reflecting the full-year impact of its acquisition of Care at Home from Care UK. After deducting cost of sales…