National Veterinary Care revises down 2018 earnings

Company News

by Anna Napoli

National Veterinary Care (ASX:NVL) has provided an update on its expected results for the 2018 Financial year.

The company’s underlying earnings margin has been revised down to 15-16 per cent.

This compares with a previous margin guidance of 16 to 17 per cent.

The vet care business says weaker trading conditions in the final two months of the year have impacted earnings margins.

Statutory revenue went the other way, increasing by 25 per cent on the prior financial year.

Shares in Veterinary Care (ASX:NVL) closed down 1.92 per cent to $2.56 yesterday.


 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.