Assura turnover up 60%

Source: Healthcare Digital

Date :27/11/2008 09:38:23

Assura Group Ltd, the UK's biggest private owner of GP services, said first-half turnover rose to £22.3 million, driven by rental growth and increased revenues from wholly owned pharmacies.

Following a review in October, Assura announced plans to sell 80 of its non-core properties, so it can concentrate on its most profitable business. It will use part of the cash realised to pay out a special dividend. The company also cut staff numbers and said its board will take a 15 percent salary cut.

Assura forecast a full-year trading loss of between £4 million and £6 million this year and added that it is confident it has sufficient working capital for at least the next 18 months.