Greencross Limited Targeting to double their vet fleet size

Targeting to double their vet fleet size:Greencross Limited (ASX: GXL) stock fell over 0.88% on January 24, 2017 leading to a fall of more than 4% in the last five days alone. On the other hand, the group is targeting an aggressive expansion for rolling out in-store services at over 60% of retail stores with an in-store clinic. This provides an opportunity of more than 120 in-store clinics offering a potential to double the current vet clinic fleet via organic growth in long term. The group has 20 veterinary clinics inside retail stores and has identified further 96 stores from their current fleet as suitable for an in-store clinic. GXL aims to have over 20 new stores per year in the medium term.

 

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