Health authorities are warning of a bad flu season, with 100 flu-related deaths already, most of them elderly people.
Propel Funeral Partners listed on the ASX in 2017 with an issue price of $2.70.
CEO Albin Kurti says the June to October period is traditionally the busiest in the funeral industry.
A second ASX-listed funeral company has experienced a surge in its share price as the number of flu-related deaths in Australia rises above 100 and health authorities warn that a bad flu season could worsen.
Propel Funeral Partners, the second-largest funeral homes and crematoria operator in Australasia with 119 outlets, is likely to go higher still, says stockbroking house Bell Potter.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
