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Annual Results

Cambian adjusted earnings fall

26 April 2017 08:14

Cambian Group's operating losses rose to £7.6m in the year to the end of December - up from £2.0m in 2015.

Revenues rose to £182.1m from £160.7m but adjusted earnings before interest, tax, depreciation and amortisation fell to £16.2m from £18.4m.

The group posted a loss before tax, exceptional and extinguished items, of £0.4m against a profit of £1.9m last time.

Chairman Christopher Kemball said: "The sale of the Adult Services business will allow the Cambian Group to focus on being a market leading provider of specialist children's services, where the board sees significant opportunities for margin improvement and growth."

At 8:14am: (LON:CMBN) Cambian Group Plc share price was +8.63p at 161.38p

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