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#H1FY21 Results 24/2/21
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Added 3 years ago

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)

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