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Profits rise at funeral services group Dignity

  • by GARETH MACKIE
 

Dignity, the UK’s only listed provider of funeral services that traces its roots back 200 hundred years to Glasgow, today reported a 10 per cent increase in profits for the first nine months of the year.

The firm, which has 37 crematoria across the UK, said underlying operating profits rose to £53.4 million for the 39 weeks to 28 September, up from £48.4m for the same period last year, on revenues 8.7 per cent higher at £169.4m.

Since its half-year results were posted in July, Dignity has spent £6.5m on ten more funeral locations, bringing the total it has acquired since the start of its financial year to 18.

Chief executive Mike McCollum said sales of pre-arranged funeral plans were “robust” and the firm expects this trend to continue next year.

He added: “This is a very strong performance. We continue to increase the number of funeral and crematoria locations we operate.

“Pre-arranged funeral plan sales continue to develop and I am pleased with the positive contribution they are making to the future of this business.”

Dignity’s oldest firm of funeral directors is George S Munn, which has been serving the south side of Glasgow since 1812.

 

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