Revenue ($m) 477.7, down 4.5pc from year-earlier 500.3
Pre-tax result ($m) -1.2 v 97.2
Net result ($m) -9.1 v 63.9
Final dividend 7.0 v 7.0, payable April 22
Australia’s biggest funerals business plunged into the red in calendar 2020 after COVID-19 restrictions imposed by governments on the numbers of people able to attend funerals heavily disrupted its ability to provide full-service funeral services.
The InvoCare business runs brands that include White Lady Funerals and Simplicity Funerals. It slid to a loss of $9.2 million for the 12 months ended December 31 and new chief executive Olivier Chretien warned that uncertainties from COVID-19 could linger for a further 18 months.
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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
