McCarthy & Stone doubles EBITDA in six months

Care housing developer McCarthy & Stone reported a 49% increase in revenues in its results for the six months ending 28 February 2014, rising to £149.7m (2013: £100.4m) due to higher volumes and selling prices. This led to the construction firm more than doubling its EBITDA from £10.5m to £21.6m. No profit before tax figure was given in the trading update.

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