Thursday, 20 March 2014

Still curious as to why this company's increase of success?

In my previous post it was clear that Greencross Vet's are continually becoming more financially successful and my curiosity as to why has finally been answered!!

A large aspect of their 2013 gain, was due to Greencrosses' opening of a new state of the art veterinary hospital at Morayfield in Queensland, in April. The report even stated that it outperformed Directors expectations!! It is now predicted to deliver revenue for mid 2014 of $1.3 million, which I think is outstanding. 

Furthermore, veterinary pathology laboratories (opened in Melbourne, Sept. 2012 and Brisbane Feb 2013), although with a slow delay, both business have increased revenue growth (between April 2013 and July 2013) by 21.65%! I never knew how much affect opening a hospital or laboratory could have!!

Also another interesting fact,  the company as (as a minimum) 12 new acqusitions a year. In my opinion I think with this kind of target, new opportunities 
can arise because the company isn't just focusing on one particular objective, therefore gaining more in the long term!

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