DTY.L Regulatory News (DTY)

14 May 2007 07:01

Dignity PLC14 May 2007 For Immediate Release 14 May 2007 Dignity plc ('Dignity' or 'the Group') Unaudited quarterly results for the 13 week period to 30 March 2007 Dignity plc, Britain's largest single provider of funeral-related services,namely funeral services, cremations and pre-arranged funeral plans, announcesits unaudited trading statement for the 13 week period ended 30 March 2007. Group turnover increased by 4.4% to £43.2 million (2006: £41.4 million). Operating profit increased to £16.6 million (2006: £14.0 million). This includeda payment of £1.5 million in respect of recoveries from the pre-arranged funeralplan trusts. The comparable payment for 2006 was £1.2 million, which wasreceived in the second quarter that year. Excluding these recoveries, operatingprofit for the period increased by 7.9% to £15.1 million (2006: £14.0 million). Peter Hindley, Chief Executive of Dignity plc commented: "The Group continues to trade well and remains in line with expectations for thefull year." In accordance with the terms of the securitisation carried out in April 2003,Dignity (2002) Limited (the holding company of those companies subject to thesecuritisation) has today issued reports to the Rating Agencies (Fitch andStandard & Poor's), the Security Trustee and the holders of notes issued inconnection with the securitisation confirming compliance with the covenantsestablished under the securitisation. Copies of these reports are available at http://www.dignityfuneralsplc.co.uk For further information please contact: Dignity plc 0121 354 1557Peter Hindley, Chief ExecutiveMike McCollum, Finance DirectorBuchanan Communications 0207 466 5000Richard Oldworth/Nick Melson This information is provided by RNS The company news service from the London Stock Exchange