Funeral agency Dignity swings to annual loss regardless of UK deaths rising 14 per cent

Funeral suppliers Dignity in the present day posted an annual lack of £19.6m as a pointy rise in yearly deaths had been met by Covid funeral restrictions.

The agency noticed underlying revenue plummet 12 per cent to £55.7m, whereas pre-tax revenue dropped by greater than 1 / 4 to £30.7m.

Dignity made a yearly loss earlier than tax of £19.6m in comparison with a £44.1m revenue in 2019.

Covid-19 immediately contributed to a 14 per cent enhance within the whole UK demise toll within the interval up 25 December 2020 to 663,000.

Regardless of the rise in deaths, Dignity’s revenues fell because of pandemic restrictions imposed by the federal government.

Clive Whiley, chairman of Dignity, stated: “Throughout 2020, we now have continued to be centered and resilient within the mild of many modifications, nonetheless the enterprise has remained strong.”

Funeral firm Dignity swings to annual loss despite UK deaths rising 14 per cent