Greencross Limited
(ASX:GXL) has forecast underlying profit growth in excess of 27 per cent for fiscal 2013.
The Veterinary services company expects to achieve revenue growth also in excess of 27 per cent and has tipped earnings per share growth greater than 16 per cent.
Greencross says it has approximately $8.8 million cash on hand and an unutilised acquisition funding facility of approximately $10.2 million.
The company says it has significant capacity for further acquisition growth in the current financial year, targeting 1 – 2 new clinic takeovers per month at an acquisition multiple of between 3.5 – 4.5 times annualised pre-tax earnings.
Greencross reported a net profit of $1.36 million in the first half of fiscal 2013.
