Full Year Results 

Medica chief executive to step down

Medica chief executive to step down

Slower-than-expected pricing adjustments and more complex work meant gross margins were stable for Medica (MGP) during 2018, with gross profits rising 16 per cent to £19.1m. However, chief executive John Graham – who announced his intention to step down at some point this year – continues to expect margins to "edge down" over the coming years as the contracts migrate to framework agreements, which have higher costs attached to them.  

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