Three for-profit registered providers owned by Blackstone-backed Sage have reported combined losses of more than £106m in the year to 31 December.

Sage Housing announced a loss of £61.5m, due in large part to an increase of £44m in interest charges and nearly £9m in reduced interest received. The provider increased its operating profit excluding one-off items, from £35.2m to £45.2m, while its turnover fell from £227.2m to £217.1m.