24th Jul 2019 11:19
(Alliance News) - Totally PLC on Wednesday said its revenue almost doubled in its most recently ended financial year, but it swung to loss due to increased costs.
The provider of a range of out-of-hospital services said it swung to a pretax loss of GBP1.8 million in the year to the end of March from GBP2.1 million profit a year earlier, due to an increase in administrative expenses to GBP11.0 million from GBP6.8 million. Last year, Totally has also secured a GBP4.5 million exceptional gain compared to just GBP126,000 in financial 2019.
More positively, Totally said its revenue jumped by 84% to GBP78 million from GBP42.5 million. The growth in revenue primarily reflects the full year effect of the Vocare acquisition which completed at the end of October 2017.
The company's physiotherapy businesses showed 13% growth year on year while About Health generated 45% growth compared to the previous financial year.
"Demand for planned and urgent care services continues to rise and therefore the demands we face for our services are always increasing," said Chief Executive Wendy Lawrence.
Totally shares were trading 2.8% lower on Wednesday in London ta 9.82 pence each.
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