Invocare edges higher on Q1FY19 performance

Company News

by Anna Napoli

Invocare (ASX:IVC) has announced an 8 per cent increase in gross sales revenue for the first quarter of 2019.

Meantime, operating earnings (EBITDA) have risen 22 per cent.

The funeral services provider says the strong result comes amid an improvement in market conditions along with the impact of 2018 acquisitions.

The company says the improved trading it experienced in the early part of the year has continued through Quarter 1 2019.

Shares in Invocare (ASX:IVC) are trading 2.67 per cent higher at $15.

 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.