NHP reports 51% rise in profit


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

Corporate care operator NHP Plc has reported a pre-tax profit of £24.8 million in its preliminary unaudited results for the year to September 30, 2003. The pre-tax profit is an increase of 51 per cent on last year, which was £16.4 million. NHP chief executive Bill Colvin said results had consistently improved since a change in strategy three years ago. “The growth and success of Highfield Care has contributed greatly to our improved financial performance, which has been achieved in a challenging business environment,” Mr Colvin said. “We expect to continue to deliver value to our shareholders through growing dividends and asset values.” In his report to shareholders, NHP chairman Sir Martin Laing said the company¹s operating subsidiary, Highfield Care, had made significant headway ­ achieving profitability in the second half and producing a much reduced operating loss for the year as a whole of £2.0 million (2002: £3.2 million), and restructuring under its new management team to enhance profitability fu





Comments are closed.


Latest blog posts

Inconstant gardeners

By Caring Times editor GEOFF HODGSON

Last Saturday was fine and dry so I managed to put in a few hours on our allotment. Not...

When the chips go down . . .

By Caring Times editor GEOFF HODGSON

I have heard people say they couldn’t get by without their smartphone, and I suppose this must be true...

Loneliness behind the front doors

By Guest Blogger KEITH LEWIN

Last week SCIE issued its monthly ‘Briefing for Commissioners’, its focus is on social isolation which it correctly says “can...