Invocare lifts FY profit

Funeral operator says results weighed by fewer than expected deaths, personnel costs.

Invocare (IVC) has posted a modest lift in both interim profit and revenue, but says the results were weighed by fewer than expected deaths and the continued investment in personnel, commenced during 2012.

In the six months to June 30, the funeral, cemetery and crematorium operator's net profit was $21.5 million, a 5.6% increase on the $20.3 million recorded in the previous corresponding period.


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