Markets

Shares in petcare group Greencross are getting smashed

Shares in the Greencross fell sharply after the petcare company announced a profit downgrade and a cost cutting campaign. A short time ago, the shares were down 20% to $4.25. Greencross, which includes Petbarn and Greencross Vets, says it now expects to deliver full year underlying EBITDA (Earnings Before Interest, […]
Shares in petcare group Greencross are getting smashed
Markets

Greencross proves that Australians will always spend money on their pets

Australians, while shunning many bricks and mortar fashion retailers, are still spending up big on their pets. Greencross, the Australian petcare group, today posted a 17% lift in half year profit to $21.9 million. Revenue jumped 14% to $412.3 million for the six months to December. CEO Martin Nicholas says […]
Greencross proves that Australians will always spend money on their pets