Dignity said Wednesday that profit before tax in 2017 was unchanged from the year before despite higher revenue
The funeral business said pretax profit was £71.2mln for the year ended Dec. 29. Revenue was £324mln, up 3.3% year-on-year
Administrative expenses came in at £95.4mln, up from £87.8mln the year before, Dignity said.
The company proposed a final dividend of 15.74p
Dignity said it is moving towards a lower pricing strategy in order to protect its market share and ensure further growth in the future. It said that as previously indicated, it expects its 2018 profit will be substantially lower as a result of this
52 week range: 748.5p – 2626p
As of 8.13am the stock was trading up c.7.77% at c.921p