Encouraging Q1 for care homes provider

DEBT-ridden care homes group Four Seasons which houses 20,000 elderly people across 450 establishments says its trading performance for the first quarter of 2016 was ahead of expectations.

EBITDA for the quarter of £9.2m was £3.7m higher than in the final three months of 2015 and £0.5m ahead of Q1 2015 after adjusting for the disposal of investment properties.

Initial indications from Q2 2016 suggest that EBITDA will continue to improve.

Revenue of £171m for the Cheshire-based company was £7m h... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...