Christchurch crematoriums fire up InvoCare's annual income

Tue, 17 Feb 2015

By Suze Metherell Feb. 17 (BusinessDesk) - InvoCare, Australia's largest undertaker, said its New Zealand unit earnings jumped up 24 percent after it bought two Christchurch crematoriums. The ASX-listed company's New Zealand earnings before interest, tax, depreciation and amortisation was A$7.7 million in the year ended Dec. 31, up from A$6.2 million a year earlier, the company said in a statement. Sales rose 17 percent to A$37.6 million, while margins increased to 20.4 percent form 19.3 percent. Last July, the Commerce Commission clea...

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