CVS Group yearly profits up 17.8%

Strong performances across its different divisions, saw veterinary services provider CVS Group post pre-tax profits of £14.3m for the year ended June 30, a 17.8% increase year-on-year.

Revenues were up 19% at £142.9m and adjusted earnings before interest, tax, depreciation and amortisation rose by 19.7% to £19.7m.

"CVS has made further strong progress in all business areas during the year. All divisions delivered good organic growth and this was enhanced by further acquisitions in our veterinary practice and crematoria divisions,” said group non-executive chairman Richard Connell.

“We continued to invest in the development of our services, our staff and our premises, providing improved customer service."

CVS shares were up 2.99% to 356.34p at 11:35 on Friday.