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Post a commentStoneMor 3Q earnings up 300%
StoneMor Partners L.P., a Levittown-based cemetery and funeral home firm, today said third-quarter net income rose nearly fourfold, to $1.4 million, mostly on a onetime tax break.
The company said adjusted operating profit was up to $9.4 million from $7.2 million for the quarter that ended Sept. 30. Total revenues were up 1.8 percent to $46.6 million.
The net income represented 12 cents per partner unit, compared with 3 cents a year earlier.
The company operates 235 cemeteries and 58 funeral homes. - Christopher K. Hepp
