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Interim Results

Cambian operating losses narrow

20 September 2017 07:35

Cambian's operating losses narrowed to £1.2m in the six months to the end of June - down from £5.4m last time.

Revenues rose to 100.6m from £94.5m and adjusted earnings before interest, tax, depreciation and amortisation increased to £8.4m from £8.3m.

Chief executive Saleem Asaria said: 'Following the successful sale of the Adult Services business the Cambian Group is now focused on being a market leading provider of specialist Children's Services.

'Our strategy to move more of our portfolio to higher severity is progressing well and the Group is performing in line with the Board's expectations.

'Furthermore, with a strong balance sheet and confidence in the group's outlook in the medium term, we have reinstated the dividend as planned.'

Story provided by StockMarketWire.com

Related Company: CMBN

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