InvoCare tops ASX 200 after turnaround profit

InvoCare

30/08/2021 02:11

** Shares of Australian funeral services provider  IVC.AX 
rise as much as 9.6% to A$12.3
    ** InvoCare posts HY profit after tax attributable of A$44
mln ($32.18 mln) vs. year-ago loss of A$18 mln 
    ** HY revenue up 13% at A$260.9 mln 
    ** Says business in Australia and New Zealand returned to
pre-COVID levels, value of its funeral case average up 6.7% 
    ** Stock top pct gainer on the ASX 200 index  .AXJO 
    ** CEO says sudden impacts of COVID-19 restrictions on
consumer confidence and co's operating model to continue to
restrict businesses in realising full potential
    ** Stock down 2.4% this year, as of last close

($1 = 1.3674 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))