Bridgepoint: Sale of Pets at Home not under consideration at present

Pets at Home’s private equity owner Bridgepoint says it has decided against selling the pet chain, as results released show that profits before tax soared by more than 50 per cent in the year to 27 March. Profits before tax for the year were up 55.6 per cent to £ 30.9 mio and sales increased 15.7 per cent to £ 355 mio, with a like-for-like increase of 8 per cent over the year. Sales growth was driven by 20 store openings, which took the total number of stores to 213, and a sales increase was recorded at stores included in the company’s ongoing refurbishment programm.