Funerals provider Dignity looks to be continuing its record of solid and predictable growth, and its shares have responded by outperforming the market since we recommended them in March.
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at
824.5p
In its third-quarter trading statement, Dignity said that revenue and operating profit in the first nine months of the year were both ahead by more than 7 per cent. Since July, the company has acquired three new funeral locations and opened seven satellite operations. New crematoria will open in Worcestershire before the end of 2011 and in Essex next spring. Furthermore, Dignity is a preferred bidder to run a crematorium and three cemeteries for Haringey Council, starting in early 2012.
