UK's Dignity flags cash concerns after 68% slump in annual profit
31/03/2023 07:37
March 31 (Reuters) - Britain's Dignity Plc DTY.L said
on Friday it continued to be in "significant need" for capital
after the funeral services provider posted a 68% slump in annual
operating profit, hurt by lower prices and cost pressures.
The company, which in January agreed to a 281 million pound
($348 million) takeover by a consortium backed by investment
firms SPWOne V Ltd, Castelnau Group CGL.L , and Phoenix Asset
Management Partners, said underlying operating profit was 17.9
million pounds for the 52-week period ended Dec. 30.
($1 = 0.8074 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; editing by
Uttaresh Venkateshwaran)
((abyjose.koilparambil@thomsonreuters.com; +917483275231;))