News Formal

Local funerals group Dignity swings to loss in first half of 2022 as market 'normalises' post-Covid

  • 📰 ShropshireStar
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Funerals and crematoria group Dignity has swung to a pre-tax loss for the first half of 2022 after market normalisation post-Covid-19 and a significant change to the pricing and product mix.

The firm, which operates crematoria at Lichfield, Stourport, Telford and Shrewsbury, swung to a pre-tax loss of £156 million for the 26 weeks to July 1, 2022, from a profit of £50.5 million a year earlier.

The company said it booked a total impairment of £62.9 million of non-current assets following slower funeral market-share growth and more branch direct cremations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Leeds Corn Exchange Christmas Market set to return with array of independent food traders, live music and moreThe event will run for seven weeks, with masterclasses, bars and games as well as an array of food and drink options on the lower ground level.
Source: LeedsNews - 🏆 48. / 63 Read more »