Propel Funeral Partners Limited (ASX:PFP) stated that the easing of funeral attendee limits in Australia and New Zealand contributed to a circa 8% increase in the average revenue of company in May 2020, compared to April 2020.
Further, PFP disclosed that its total funeral volumes are anticipated to surpass 13,000 in the fiscal year 2020, up from 11,304 in FY19.
Moreover, the Company is on track for another record year in FY20 and provides revenue guidance of nearly A$110 million and operating EBITDA of nearly A$32 million.
Post announcement, PFP stock quoted at A$3.010 going up by 4.514% (at AEST 01:35 PM) on 15 June 2020.
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