Australia's Invocare hits highest level in nearly two years on upbeat results

InvoCare

28/02/2022 02:16

** Shares of Invocare Ltd  IVC.AX  rise as much as 4.9% to
A$12.98, their highest since March 20, 2020
    ** The funeral services provider reported a FY profit of
A$80.2 mln ($57.59 mln), as against a loss of A$11.5 mln the
previous year  urn:newsml:reuters.com:*:nFWN2V10ES
    ** Co adds that FY revenue increased 11.5% to about A$532.5
mln and declared a final dividend on 11.5 Australian cents per
share
    ** Stock posts its biggest intraday percentage gain since
Aug 31, if gains hold
    ** Stock up 4.9% this year, as of last close

     ($1 = 1.3926 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))