Claimar continues with aggressive growth strategy

Posted on June 1st, by editor in Caring Times. No Comments

Homecare provider Claimar Care has delivered its second set of interim results (six months to 31st march 2007) since its flotation in January 2006. Prior to the presentation of the results to the City at the end of May, I was fortunate to be invited to spend time with Claimar chief executive Mark Hales and departing finance director Tony Guest. Claimar, which has a market capitalisation of more than £40m, announced highly impressive double digit growth across key indicators when compared with the same period in 2006: # Turnover grew by 53 per cent from £5.97m to £9.12m. # Operating profit was up 38 per cent and profit before tax increased by 41 per cent from £0.35m to £0.81m. # Basic earnings per share jumped 32 per cent from 1.11p to 1.51p. The company was also able to demonstrate an increase of 31 per cent in the number of hours of care provided and, at the end of the reporting period, the business was delivering 33,000 hours per week. Claimar raised more than £7million in March via a heavily over sub

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