Revenues rise but profits down at MMCG

Maria Mallaband Care Group (MMCG) enjoyed a 17.8% rise in turnover for the year ended 30 April 2014 from £53.3m to £62.8m. Cost of sales, however, rose too from £29.8m to £36.7m, leaving the care home operator with a gross profit of £26.1m (2013: £23.7m). After deducting depreciation and amortisation of £2.2m (2013: £1.9m), £6.9m…

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