23rd Mar 2016 11:48
LONDON (Alliance News) - Premier Veterinary Group PLC, which provides services to third party veterinary practices, on Wednesday said the total number of pets on active plans rose in the second quarter of 2016.
The company had 117,000 pets on active plans in March 2016, according to a statement published on Wednesday, up from 104,000 in December and 82,000 in September.
In addition, Premier Veterinary said it has entered into contractual arrangements for its Pet Care Plan with over 100 veterinary clinic customers in the Netherlands, where there are about 1,000 domestic animal veterinary practices. PCP now covers 8,000 pets in the Netherlands where the plan is sold under the name of Huisdieren ZorgPlan.
"The disposal of our veterinary business at the end of 2015 has enabled our management to focus on the development and expansion of PCP, and the board is greatly encouraged by the consistent growth in the number of pets on plan," Chairman Iain Ross said in a statement.
"Integral to our strategy is to grow more aggressively in overseas territories. The Netherlands was among the first countries targeted for overseas expansion for PCP, and our business there has shown rapid growth to date," Ross said.
"The board remains confident of further good progress both this year and beyond," the chairman added.
Shares in Premier Veterinary were down 1.1% at 123.60 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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