Last checked at (Sharecast News) - Veterinary services group CVS reported a "strong" full-year performance on Thursday, with like-for-like revenues advancing year-on-year.
CVS said like-for-like growth in the eight-months ended 28 February was 7.9% for the group as a whole and 7.1% for its practice division.
Following Downing Street's Covid-19 lockdowns in late March, the AIM-listed group said restrictions had caused a significant reduction in revenue streams but stated it had seen a steady increase in revenues over recent weeks.
However, CVS said it had not yet returned to pre Covid-19 working practices but also noted that it was still confident that full-year revenues would be comfortably ahead of the prior year.
Chairman Richard Connell said: "Improved business planning and actions taken have enabled our continuing focus on customer service and patient care.
"These combined factors give the group a greater resilience in the face of previously unseen challenges, and we look forward to providing further updates at the time of our full-year results."
As of 1005 BST, CVS shares had shot up 7.99% to 1,135p.
7 Feb 2020 14:06
CVS performing in line ahead of tougher second half
(Sharecast News) - Veterinary services provider CVS updated the market on its trading on Friday, reporting that the improved trading performance it delivered in the second half of the year ended 30 June, and the "encouraging start" to the new financial year, had continued for the remainder of the half year to 31 December.
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