Dignity on track to meet expectations

5th Nov 2010 07:27

Funeral home operator Dignity said its businesses continued to perform in line with expectations in the third quarter of 2010.The company saw a 5.8% increase in revenue to £145.2m for the first 39 weeks of the year from £137.3m in the corresponding period of 2009.That represents an improvement in revenue growth from the 5.5% year on year gain reported at the half-year stage.Third quarter revenue of £44.3m was marginally ahead of the £44m predicted by broker Panmure Gordon.Underlying operating profit improved by 4.7% to £45.0m from £43.0m a year earlier. "Our expectations for the full year remain unchanged," said Mike McCollum, chief executive of Dignity.