FSG registers increase in earnings

Revenue increased by 4.8 percent to P22.3 million, with the coffin and Kagiso Funeral Parlour divisions reporting revenue increases of 10.9 percent and 2.7 percent respectively.

The company rolled out its expansion into the region with the completion of new division, FSG (Zambia) (premises including a coffin and casket assembly plant) in Zambia, which was launched during 2H10. The sale of a 30% shareholding in the division was also completed in 1H10.