InvoCare: Interim result 2016

A downturn in the death rate and minor market share losses spooked the market, but both should prove temporary.

Two things are certain about funeral company InvoCare’s interim result yesterday. A weaker death rate hurt the result, while a lower tax rate helped. But with revenues rising just 3% – see Table 1 – why was the headline profit up a whopping 51% to $28m?

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