Advantage Healthcare increases earnings

Mon, 6 Apr 2009

Earnings before income tax depreciation and amortisation (EBITDA) increased to £1,948,000 in the year ending 31 December 2008, compared to £253,000 in 2007.

Gross profit increased to 30.6% of revenue compared, to 29.5% in 2007.

Average debtor days fell to 39 days, from 44 days in 2007.

The company says that the business stabilised during 2008, and “now provides an excellent platform for growth in 2009.”

“While we expect the market to remain challenging, we are in a good position to expand into new growth opportunities and move the business forward”.