TDL results

Pathology provider The Doctors Laboratory (TDL) reported a 4% increase in turnover to £82.4m for the year ended 30 June 2016. Cost of sales increased 16% to £65.8m but administrative expenses almost halved to £5.2m, leaving operating profit of £16.2m against £15.5m in 2015. Revenue excludes sales of £21.2m (2015: £19.6m) from the two LLPs…