InvoCare nearly doubles HY19 profit

InvoCare’s half-year profit has nearly doubled to $41.08 million following improved returns from prepaid contracts and an increase in the number of deaths.

Revenue for the six months to June 30 lifted 7.0 per cent to $241.49 million from the previous year and its interim dividend is unchanged at 17.5 cents, fully franked.

This year, Australia’s largest funeral provider announced it was expanding into the pet cremation industry and launched its first facility under the name Patch & Purr in Wollongong.

AAP

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