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Dignity Plc profit to be above market consensus

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(Reuters) – Funeral services provider Dignity Plc <DTY.L> said on Tuesday that it expects its full-year profit to above market expectations, boosted by higher average prices for its services and lower-than-expected costs.

The company, which operates more than 700 funeral locations across the UK, now expects to report fiscal 2018 underlying operating profit of about 79 million pounds ($101.89 million).

Dignity also added that average prices for funerals for the current fiscal year will be lower compared to last year due to reforms sought out by British regulators.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr)

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