Invocare NZ annual earnings lift 12% on higher death rate, fatter margins

Sun, 18 Feb 2018

By Tina Morrison Feb. 19 (BusinessDesk) - Invocare, the largest private funeral, cemetery and cremation operator in the Asia Pacific region, boosted its New Zealand earnings by 12 percent last year, assisted by a rising death rate and fatter profit margins. New Zealand operating earnings before interest, tax, depreciation and amortisation increased to A$10.1 million in the 2017 calendar year, from A$9 million in 2016, the Sydney-based company said in a statement to the Australian Securities Exchange. Sales advanced 4.8 percent to A$46.4 m...

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