CVS Group plc (GB:CVSG) has released an update.
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CVS Group plc, a UK-based veterinary services provider, reported a revenue increase of 9.9% to £647.3m and an adjusted EBITDA growth of 4.7% for the fiscal year ending June 30, 2024, despite facing challenges such as a cyber incident and market pressures. The company has expanded into Australia with the acquisition of 22 practices and is maintaining a progressive dividend policy, reflecting confidence in its long-term growth. Profit before tax, however, dropped by 37.1%, and statutory profit fell dramatically due to exceptional costs and discontinuation of operations in the Netherlands and Republic of Ireland.
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