Exceptional costs and wages push down profits at Cygnet

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US-owned mental health provider Cygnet Health has reported a 16% increase in revenue to £434.2m for the year ended 31 December 2019, but rising costs along with exceptional items pushed operating profit down by more than 37% to £27.8m. Operating expenses, including separately reported items of £12.2m related to sales, acquisitions and impairments, climbed by…

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