BGN Entrepreneur

The new management at Southern Cross, the care homes group, announced that in spite of a sharp fall in eanings triggered by a surge in winter resident mortality and reduced spending by councils, the transformation of the company was on track.
The company said that first-half pre-exceptional pre-tax profits had fallen by 16.1% to £14.1 million. Losses recorded in the 26 weeks to March 31 rose to £12.5 million, up from £8.6 million at the same time in 2008.

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