Mobile Doctors reports fall in profit and turnover in H1 2010

27/08/2010

Mobile Doctors Group has reported a fall in revenue to £12.61m (2009: £14.06m) for the six months ended 31 May and profit before tax to £298 000 (2009: £667 000).

It added gross margins for the period remained steady at 22.4% compared to 23.0% in 2009, whilst overheads as a percentage of revenue are consistent with 2009 as a result of continued management focus.

Mobile Doctors added it continues to operate “comfortably within its working capital facilities, although debtor days have increased as a result of the reduction in sales”. Long-term loan repayments of £395,000 were made in the period.

Commenting on the results, Matthew Game, chief executive officer, said: "During the period our operational delivery, sales and margins have preformed to expectation and continued in a steady and consistent manner.

“After an exceptional start to 2009 the market has experienced a small decline in the claims incidence resulting in a reduction in instructions from some of our major customers. Management’s strategic focus is unchanged with continued focus on driving efficiencies from Business Process Outsourcing.”

Original Article: Post