Strong revenues boost CVS Group shares

AIM-listed veterinary services firm CVS Group (LON:CVSG) has seen is share price rise by 16.44% to 602p (as of 15:45 GMT) after it announced a 23.7% increase in revenues for the six months ended 31st December. However, profits before tax plunged by 74.2% due to the costs of mergers, depreciation, and amortisation.

Management said that the sales growth had improved during the first two months of the second half and that as a result, they believe that full year results will be ahead of the expectations provided in January.