(Alliance News) - Pet care services firm Premier Veterinary PLC said Friday its interim loss narrowed as "solid" progress for the firm saw revenue rise.
For the six months ended March, pretax loss improved to GBP1.6 million from GBP1.9 million the year prior. This was after revenue rose to GBP1.9 million from GBP1.5 million the year before.
"Over the last six months PVG has continued to see solid progress in the number of pets on plan across the UK, Europe and US and this progress has continued in April and May," Premier Veterinary Chief Executive Officer Dominic Tonner said.
Premier Veterinary does not currently pay a dividend.
"The rollout of the US plan with PVCC continues and growth in the US is encouraging," Tonner added. "We expect revenues to increase incrementally in the second half year as compared to the first half and for profits to remain in line with management expectations."
"We continue to explore options that will enable the group to accelerate profitability in Europe, capitalise on the investment that has already been made in the US and consolidate our position in the UK," Tonner continued.
Shares in Premier Veterinary were untraded at 60.50 pence in London on Friday.