March 31 (Reuters) – Britain’s Dignity Plc DTY.L said on Friday it continued to be in “significant need” for capital after the funeral services provider posted a 68% slump in annual operating profit, hurt by lower prices and cost pressures.
The company, which in January agreed to a 281 million pound ($348 million) takeover by a consortium backed by investment firms SPWOne V Ltd, Castelnau Group CGL.L, and Phoenix Asset Management Partners, said underlying operating profit was 17.9 million pounds for the 52-week period ended Dec. 30.
($1 = 0.8074 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh Venkateshwaran)
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