Pre-tax profit falls at McCarthy & Stone

retirement home McCarthy & Stone

Retirement property group McCarthy & Stone has posted a 66% fall in pre-tax profit for the six months to the end of February as margins on sales were squeezed.

Pre-tax profit came in at £3.6m, compared to £10.5m at the same point last year, while the group’s operating margin dropped to 2.1% from 5.6%.

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