Rise in rent sees MMCG’s losses increase

Maria Mallaband Care Group (MMCG) experienced a marginal drop in turnover from £56m to £55.9m for the year ended 30 April 2016. Revenues arising from the provision of care for older people grew from £50.3m to £54.6m but its development income shrank from £5.7m to £1.3m. Cost of sales stood at £32.6m (2015: £33.7m), depreciation…