Rise in costs sees profit drop for Excelcare

Excelcare Holding saw a fall in profit for the year ending 31 March 2013 despite and overall increase in turnover. Turnover hit £16.7m (2012: £15.2m) but cost of sales increased from £8.9m to £10.0m for 2013. Administration expenses also increased to £6.3m from £5.6m as did distribution costs (2013: £140,000 – 2012: £100,000). This left…