30th Oct 2014 10:43
LONDON (Alliance News) - Cambian Group PLC said Thursday its trading in the third quarter was positive, with revenue in the period and in the nine months to the end of September both rising.
The behavioural health service provider said revenue in the three months to September 30 was up 14%, with nine-month revenue rising 12% to the end of the period.
During the quarter, the company bought Ansel Ltd, a 24-bed clinic in Nottingham, and said it is continuing to look at similar acquisition opportunities.
The group's net debt at the end of September was GBP137 million, with significant headroom on its GBP200 million in banking facilities to back its acquisition plans.
"We are pleased to report a good performance in the third quarter of the year, reflecting the high quality and value for money that we offer. We have also made progress on both our organic and acquisitive growth opportunities and we look forward to the remainder of the year with confidence," said Cambian Chief Executive Officer Saleem Asaria.
Cambian shares were down 1.4% to 220.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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