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Propel Funeral Partners Reports Strong H1 FY25 Results and Strategic Acquisitions

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Propel Funeral Partners Reports Strong H1 FY25 Results and Strategic Acquisitions

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Propel Funeral Partners Ltd. ( (AU:PFP) ) has provided an update.

Propel Funeral Partners Ltd. reported a strong financial performance for the first half of FY25, with a 12% increase in revenue to $115.2 million and a 21.1% rise in operating NPAT to $12.2 million compared to the previous corresponding period. The company completed three acquisitions worth approximately $13 million, enhancing its presence in the death care industry. With a stable financial position and a positive outlook supported by favorable demographics and a fragmented market, Propel is poised for continued growth.

More about Propel Funeral Partners Ltd.

Propel Funeral Partners Ltd. operates in the death care industry, focusing on acquiring assets and social infrastructure in Australia and New Zealand. The company provides funeral services and related products, such as headstones, with a market focus on expanding through acquisitions.

YTD Price Performance: -1.36%

Average Trading Volume: 102,543

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$798.8M

See more insights into PFP stock on TipRanks’ Stock Analysis page.

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