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CORRECTED-Funeral firm Dignity halts dividend after H1 profit slumps

Reuters - UK Focus
Updated

(Corrects day in first paragraph)

July 31 (Reuters) - Dignity Plc said on Wednesday it was temporarily suspending its dividend payments after profits nearly halved in the first half of 2019, due to a drop in the number of funerals it conducted.

The company, which runs more than 800 undertakers across Britain, reported underlying profit before tax of 23.9 million pounds ($29.06 million) for the six months to June 28, down from 43.4 million pounds a year earlier.

($1 = 0.8226 pounds) (Reporting by Shashwat Awasthi in Bengaluru; editing by Patrick Graham)