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CVS profit nearly doubles amid recovery in revenue following spring lockdown
StockMarketWire.com
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Veterinary services provider CVS said first-half profit nearly doubled as revenue recovered to pre-pandemic levels following a drag from the lockdown in March 2020.
For the six months ended 31 December 2020, pre-tax profit rose 94.7% to £17.8 million as revenue increased 9.4% to £245.6 million.
In the first eight months of the new fiscal year like-for-like sales fell to 8.2% from 7.9% last year and vacancy rate averaged 7.5%, down from 7.9%.
'Trading in the first two months of our second half continues the positive trend and we remain well positioned to achieve both organic and acquisitive future growth,' the company said.
At 9:59am: (LON:CVSG) Cvs Group PLC share price was 0p at 1288p
Story provided by StockMarketWire.com
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