(Alliance News) - Premier Veterinary Group PLC on Friday said its annual loss narrowed as the number of pets enrolled on its pet healthcare programmes rose by more than a quarter.
Shares in Premier Veterinary closed down 6.3% at 38.40 pence in London.
In its financial year ended September 30, the pet care services firm reported a GBP3.0 million pretax loss, narrowed from GBP3.6 million loss the year prior.
Revenue increased by 22% to GBP3.9 million from GBP3.2 million, led by a 27% rise in the number of pets enrolled on its programmes to 311,000, resulting in a 30% increase in the number of transactions processed.
Chief Executive Dominic Tonner said: "The business continues to develop its corporate agreements in the USA. This, along with the new service strategy in the Netherlands and continued growth in pets on plan in France and the UK demonstrates that the substantial and consistent investment in our global transaction platform is now delivering significant and measurable benefits with competitive advantage to our company.
"Furthermore, our people's focus on customer service and technical capability has enabled us to deliver and adapt our strategy in the face of strong competition whilst continuing to deliver significant growth."
By Anna Farley; annafarley@alliancenews.com
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