Strong growth in dairy & mixed animal clinic revenue driving 30.8% uplift in underlying EBIT

•  Revenue of $61.2M in H1 FY21, an increase of 8.9% vs H1 FY20 (pcp) 
•  Strong growth in dairy & mixed animal clinic revenue as Apiam capitalises on the acceleration in pet ownership and population dynamics in regional growth corridors;
•  Continued gross margin expansion with gross profit increase of 13.4% in H1 FY21;
•  Operating cost containment driving EBIT growth (pre one-off expenses)1 of 30.8%;
•  Reported NPAT of $2.6M (+53.8% vs H1 FY20);
•  Acquisition strategy delivering against priorities with acquisition of Don Crosby Vets increasing companion animal presence in important regional location;
•  Key priority in H2 FY21 to drive clinic growth in targeted regional locations;
•  Strong earnings outlook for FY21; and
•  50% increase in FY21 interim dividend to 1.2 cps (vs FY20 interim)