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Preventative animal healthcare provider Premier Veterinary Group booked a first-half loss, as a rise in revenue was more than offset by administrative expenses.
Pre-tax losses for the six months through March amounted to £1.6m, compared to losses of £1.9m on-year.
Revenue rose 21% to £1.9m.
'Over the last six months PVG has continued to see solid progress in the number of pets on plan across the UK, Europe and US and this progress has continued in April and May,' chief executive Dominic Tonner said.
'The rollout of the US plan with PVCC continues and growth in the US is encouraging.'
'We expect revenues to increase incrementally in the second half year as compared to the first half and for profits to remain in line with management expectations.'
'We continue to explore options that will enable the group to accelerate profitability in Europe, capitalise on the investment that has already been made in the US and consolidate our position in the UK.'
At 9:18am: (LON:PVG) Premier Veterinary Group PLC share price was 0p at 61.5p