StockMarketWire.com - Out of hospital care service provider Totally said it expected to post an annual profit in line with consensus market expectations.

As at 31 March, the company said it had cash at bank of around £7.5m, in line with management expectations and following satisfaction of anticipated liabilities.

Totally said that over the year through March it had announced in excess of around £35m of value in new and renewed contracts across its operating subsidiaries.

'The pipeline remains strong and the board is also pleased to confirm that in recent weeks its subsidiary businesses have been awarded a number of contract extensions, new business and pilot schemes worth a total of around £7.7m,' it added.

Chief executive Wendy Lawrence said 2018 was a year of integration and improvement as the company focused on integrating Vocare into the enlarged group following its acquisition in October 2017.

'I am very pleased with the significant progress that has been achieved on this front and the successful results of the extensive changes that have been implemented across all subsidiaries to improve the quality of services, create synergies and reduce costs,' she said.

'We now look forward to the year ahead where we intend to continue to deliver high quality services, whilst seizing the opportunities that exist within the integrated urgent care sector, in line with the NHS' Long Term Plan published in January 2019.'




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