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Dignity Plc H1 Profit Decreases; Full Year Expectations Remain Unchanged

Dignity plc (DTY.L) reported pretax profit 41.5 million pounds for the 26 week period ended 24 June 2016 compared to 45.0 million pounds, previous year. Profit for the period attributable to equity shareholders decreased to 32.6 million pounds from 35.0 million pounds. Earnings per share was 65.7 pence compared to 70.9 pence. Underlying profit before tax decreased to 42.4 million pounds from 46.5 million pounds, previous year. Underlying earnings per share was 67.7 pence compared to 74.0 pence.

Revenue was 158.0 million pounds compared to 158.7 million pounds, a year ago. The Group proposed to pay an interim dividend of 7.85 pence per Ordinary Share on 28 October 2016 to shareholders on the register at 23 September 2016. This is a 10 per cent increase on the previous year.

Mike McCollum, Chief Executive of Dignity plc said: "The Group has performed well in the first half of 2016 and traded slightly ahead of our expectations. The Group's expectations for the full year remain unchanged."

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