McCarthy & Stone profits sink

By Jordan Marshall2018-11-13T14:19:00

Firm says figure down a third

McCarthy & Stone has confirmed that its profit had decreased by more than 35% in the past 12 months, blaming build cost increases, subdued market conditions, additional marketing activity and increased operating costs for the fall.

In its full year figures, which the company released today, the retirement home specialist saw pre-tax profit nosedive 37% to £58.1m, down from £92.1m last year.

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