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Trading statements

Dignity slightly ahead of forecasts

07 November 2016 09:59

Dignity says results for the year to date are slightly ahead of the board's expectations, driven by the higher number of deaths in the second and third quarters of the year.

Underlying operating profits in the third quarter are £1.8 million higher than the same period in 2015.

The group has acquired 11 funeral locations for an aggregate investment of £11.3 million and has opened nine satellite locations in the period to 23 September 2016.

Since this date, the group has acquired a further two funeral locations. The group also confirmed the acquisition of the remaining leasehold crematorium location from Funeral Services Limited (trading as Co-op Funeralcare) completed in October.

As such, the entire acquisition of five crematoria (three freehold locations and two leasehold locations) from Funeral Services Limited has now completed for consideration of £43 million. At 9:59am: (LON:DTY) Dignity PLC share price was -2p at 2627p

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