InvoCare: Result 2012

It's a good business that can raise prices at the same time as increasing market share in a growing market, but unfortunately this fact isn't lost on other investors

A pick-up in the number of deaths in the second half of 2012 has helped InvoCare to a 17% increase in underlying net profit to $43m, on sales that rose 15% to $369m. Underlying earnings per share rose a slightly slower 13% to 38.8 cents, due to the issue of shares to fund the acquisition of Bledisloe in late 2011.

Excluding Bledisloe, the underlying profit would have risen 12% on a 5.8% increase in sales.


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