Invocare lifts NZ 1H earnings 21% as volumes increase, margins improve

Wed, 16 Aug 2017

By Tina Morrison Aug. 16 (BusinessDesk) - Invocare, the largest private funeral, cemetery and cremation operator in the Asia Pacific region, lifted its first-half earnings in New Zealand by 21 percent, assisted by a rising death rate. Earnings before interest, tax, depreciation and amortisation increased to $4.8 million in the six months ended June 30, from $4 million a year earlier, the Sydney-based company said in a statement to the Australian Securities Exchange. Sales rose 7.3 percent to $23.9 million while expenses advanced 4.2 perce...

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