Chains tally profit and loss

Alison Mercer
Wednesday, January 8, 2003

Kidsunlimited, the sixth-largest private nursery group in the UK and Ireland, made a loss of 1.89m after tax in the ten months to 30 April 2002, on a turnover of 9.3m. Finance director Stephen Chalmers-Morris said 372,000 of the loss had been incurred by raising funds to expand. The operating loss before interest, depreciation and exceptional items was 346,212. 'If you look at the operating loss on a cash basis, the loss is not as severe,' he said.