26th Nov 2015 08:44
LONDON (Alliance News) - Veterinary services provider CVS Group PLC on Thursday said sales in the first four months of its financial year increased, leaving it in line to hits its expectations.
CVS said sales for the four months to the end of October were up 3.2% on a like-for-like basis, with profit in the period in line with its expectations for the full year to the end of June 2016.
The company made progress on its referrals strategy in the period, opening its Major Multi-Disciplinary Referral Centre in Hampshire and acquiring Dovecote Veterinary Hospital in Castle Donington and Highcroft Pet Care Referral Centre.
"These businesses will enable CVS to perform more of its own referral work which is currently sent outside the group as well as third party work for other veterinary practices," said Chairman Richard Connell, in a statement to be made at the company's annual general meeting.
Shares in CVS were down 1.2% to 721.00 pence early Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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