Firm offering funeral services flourishes

Business

Firm offering funeral services flourishes

Close

Dignity Plc says its profit rose about 11 percent in its funeral services business.

31 July,2012 12:55 pm

The company said its underlying pretax profit rose to 27.5 million pounds ($43.16 million) for the 26 weeks ending June 29 from 24.7 million pounds a year earlier.Dignity, which operates a network of 616 funeral locations throughout the United Kingdom, said revenue grew about 8 percent to 116.5 million pounds.Revenue from its core funeral services business grew about 7 percent to 81.6 million pounds. The business contributes 70 percent to its overall revenue.Revenue from its crematoria business grew about 9 percent to 23.7 million pounds.The company raised its interim dividend by 10 percent to 5.36 pence per share.The FTSE-250 companys shares, which rose about 7 percent in the last year, were up about 1 percent at 856.5 pence on Tuesday the London Stock Exchange.