InvoCare Profit FY2012 $44.2m up 64.7%

Funeral and cemetery operator, InvoCare (ASX:IVC) have released its full year results for 2012 to shareholders, investors and traders participating on the Australian stock exchange.

• InvoCare net profit of $44.5 million for 2012 full year. Up 64.7 percent from $27 million in 2011.
• InvoCare is the largest funeral, cemetery and crematorium operator in the Asia Pacific region. InvoCare owns White Lady, Simplicity Funerals among other brands.
• Invocare acquired New Zealand market leader Bledisloe in June 2011 and Tuckers Funerals and Bereavement Services in December 2012, and Auckland operator Resthaven Funerals in February 2013.
• InvoCare has invested $5 million in the HeavenAddress.com, having a 34 percent stake in the company, which it plans to build into a global memorials website. IVC claims that the site has approximately one third of all funeral internet traffic in Australia, New Zealand and Singapore.
• Invocare declared a fully-franked final dividend of 19 cents per share, up from 16.25 cents in 2011.
• 13.7% of its business comes from pre-selling funeral plans, in terms of funeral insurance plans.
• $9.4 million of revenue was from income generated by the company's investments in fixed-term deposits, property and share investments.