Funeral firm Dignity says profits are looking good

FUNERAL home and crematoria firm Dignity yesterday posted a 7.2 per cent rise in nine months profit and said its expectations for the full year remained unchanged.<br /><br />Dignity, which is the UK&rsquo;s only listed funeral services provider, said operating profit, excluding profit on the sale of fixed assets, was &pound;43.0m in the 39 weeks to 25 September.<br /><br />That compares with &pound;40.1m in the previous corresponding period. Revenue increased 5.0 per cent to &pound;137.3m. The group&rsquo;s chief executive Mike McCollum said that it had acquired a total of seven funeral locations and five crematoria since the beginning of the year.<br /><br />&ldquo;Our expectations for the full year continue to be positive and remain unchanged,&rdquo; he said.<br /><br />Shares in Dignity, which have increased by 19 per cent over the last six months, closed down by one per cent at 601.5p, valuing the business at &pound;383.38m.<br />