Business

Dignity profits fall 8% amid rising Covid-19 costs

Dignity has announced its underlying revenues increased by 4% to £234.5 during the first nine months of the year, as underlying operating profit fell nearly 8% to £44.2 amid rising overhead costs.

The funeral services provider, which owns around 800 funeral locations and operates 46 crematoria in Britain, said it has conducted almost 10,000 more burials and cremations in the first nine months of 2020 due to Covid-19.

In its report, the company said it has conducted 61,700 funerals in the three quarters to 25 September, compared with 52,100 over the same period.

The company also increased the average cost of a funeral marginally higher to about £2,480 in October from 2,381 pounds in the third quarter.

Furthermore, Dignity said it was postponing the search for a new top boss as it prepares for regulatory reviews.

In a statement, Dignity said: “Following the terrible impact of Covid-19 in the second quarter this year, the number of deaths in the third quarter was broadly flat on the prior year.”

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