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Medica Group warns on profits

By BFN News | 08:14 AM | Tuesday 16 January, 2018

Medica Group said it anticipated its full-year performance to be slightly behind market expectations. Annual revenue was expected to rise by about 18%, driven by increased demand for NightHawk and Cross Sectional services. However, the company said it experienced some capacity constraints in the period and demand for NightHawk and Cross Sectional were modestly below expectations in the fourth quarter. "With the momentum we are seeing across service lines and anticipated additional recruitment we expect continued strong double digit growth in 2018, albeit from a modestly lower base," chief executive John Graham said. At 8:14am: (LON:MGP) Medica Group Plc share price was -34.5p at 159.5p Story provided by

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