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Apiam Animal Health Ltd. ( (AU:AHX) ) just unveiled an announcement.
Apiam Animal Health Limited announced the divestment of its underperforming equine business in Agnes Banks, NSW, following a significant restructure in FY24. This move, along with the sale of a greenfield clinic in Hastings and the exit from a US Joint Venture, is expected to reduce group revenue by approximately $2.3 million but increase EBIT by about $1 million. The divestment aligns with Apiam’s strategy to focus on its core veterinary services, which have shown resilient growth and strong profit contributions.
More about Apiam Animal Health Ltd.
Apiam Animal Health Limited is dedicated to providing top-tier care for animals, clients, and communities. The company operates across various sectors, including veterinary clinics, production animal consultancy, logistics, and laboratory services, with a focus on delivering best practice animal health and welfare both locally and nationally.
YTD Price Performance: 5.00%
Average Trading Volume: 53,024
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$76.66M
For a thorough assessment of AHX stock, go to TipRanks’ Stock Analysis page.