Apiam is growing and is a good investment at this price.
- It is growing well though organic growth which it reported was 4.3% to May 2018.
This is being assisted by a growing market for livestock services, as food exports rise.
Also growth through acquisitions, it added six clinics during FY18, which was a 17% increase in the number of clinics.
And finally a growth avenue is opening vet clinics inside regional Petstocks, such as in Bendigo.
Apiam has provided guidance that FY18 revenue will be 8.7% higher and the earnings before interest, tax, depreciation and amortisation, (EBITDA) margin is going to increase from 9% to 9.4%.
Apiam is growing and is a good investment at this price. - It is...
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