Dignity reports modest rise in revenue and profit
Funeral services provider Dignity achieved a modest rise in both revenue and underlying profit before tax during the year ended December 30th 2011.
Funeral services provider Dignity achieved a modest rise in both revenue and underlying profit before tax during the year ended December 30th 2011.
Revenues rose 5.5% from £199.1m to £210.1m, while underlying operating profit rose to £64.5m (2010: £61.0m) and underlying pre-tax profit gained 3% to £41.6m from £40.4m. Actual profit before tax rose from £39.8m to £40.3m.
Underlying earnings per share leapt 18.8p to 55.1p, while basic earnings per share jumped 33.5p to 62.6p.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief Executive Mike McCollum said: "We have made good progress in each of our businesses. Customer service remains excellent. We have developed and acquired new funeral and crematoria locations, pre-arranged sales continued to grow strongly and the core business has performed well. This, combined with the full effect of the 2010 Return of Value has resulted in a 19% increase in EPS.
"Whilst 2012 has started more quietly than 2011, the board remains confident in the group's prospects and its expectations for 2012 remain positive and unchanged."
The final dividend was 9.77p, compared to 8.88p the previous year.
Cash at the end of the period fell slightly from £48.1m to £36.9m.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What is the 25x retirement rule and does it work?
The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
-
When is the self-assessment tax return deadline?
If you are self-employed, rent out a property or earn income from savings or investments, you may need to complete a self-assessment tax return. We run through the deadlines you need to know about