Belfast Telegraph

Undertaker's revenues rise as expansion gathers pace

By Ben Woods

Funeral firm Dignity has bolstered revenues and profits since the start of the year.

Pre-tax profits were 9% higher at £45.3m for the half year, up from £41.5m in 2016.

Revenues also lifted 7% to £169.8m at the company, which operates several homes in Northern Ireland.

It came as the group pushed ahead with an expansion drive over the period, forking out £23.4m on 14 funeral operations and a crematorium.

The firm also launched seven satellite businesses during the 26 weeks to the end of June, but warned over the "aggressive pricing activity" of its rivals.

Chief executive Mike McCollum said the company had enjoyed a "good operational performance" and was on track to hit annual targets.

He said: "The year has started well for the group, with good operational performance, continued excellent customer survey results and further acquisitions of established funeral businesses."

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