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Funeral provider Dignity swings to loss despite 14% rise in UK deaths

Funeral provider Dignity swings to loss despite 14% rise in UK deaths Wed, 17th Mar 2021 09:07 (Alliance News) - Funeral services provider Dignity PLC on Wednesday reported a fall to loss in 2020, despite a 14% increase in deaths in the UK due to Covid-19. The Sutton Coldfield, West Midlands-based company swung to a GBP19.6 million loss in the financial year that ended December 25 from a GBP44.1 million profit in the financial year that ended December 27, 2019. Dignity said underlying pretax profit declined by 19% to GBP30.7 million in 2020 from GBP37.7 million. There was a 14% increase in deaths in the UK last year to 663,000 from 584,000 in 2019, according to Dignity, due to the virus pandemic. But revenue rose by just 5% to GBP357.5 million from GBP338.9 million.

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