Vet company Greencross shares leap despite net profit down

Company News

by Rachael Jones

Vet and pet care specialist Greencross (ASX:GXL) has seen a dip in full-year net profit as a result of writedowns but underlying sales have improved.

Underlying EBITDA is $97.6 million – that’s in line with guidance.

Statutory NPAT of $20.7 million.

EBITDA attributable to the owners of Greencross is down 25 per cent $74.8 million from $99.8 million.

Final fully franked dividend of 5.5 cents per share.

Shares in Greencross (ASX:GXL) is up 5.79 per cent to $4.48
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.