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One of the most successful AIM stocks has expanded into the pet insurance market, although the move isn’t expected to boost earnings until its financial year ending June 2019.
CVS (CVSG:AIM) says the response from customers since launching insurance under the name of MiPet Cover in August has been ‘very positive’. It also says the provision of insurance has ‘significant long term potential’ for the business.
The company is best known for running veterinary practices. Shares in CVS have increased by 1,480% in value over the past seven years.
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