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InvoCare Announces Results for Full-Year Ended 31 December 2018

22 Feb 2019  |  09:00:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY 2018 Results Media Release

InvoCare announced its results for the full-year ended 31 December 2018. The operating earnings after tax, decreased by 22.1% over the pcp reflecting increased depreciation and interest stemming from Protect & Grow and acquisition investments. The net profit after tax was down 57.7% on the pcp to $41.2m, primarily from the impact of the mark to market valuation of prepaid contracts in 2017 which included a gain due to property revaluations and sale. The dividend will be paid on 12 April 2019, with a DRP election date of 6 March 2019, a record date of 5 March 2019 and ex-dividend date of 4 March 2019.

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