Nick Bonyhady writing for the SMH and The Age states after tax profits at InvoCare, Australia's largest funeral provider and one of the country's most shorted stocks over the last week, have fallen by more than half over the last financial year due to fewer deaths, an accounting change and the lack of a windfall property sale.

The company, which owns the well-known White Lady and Simplicity Funerals brands as well as dozens of local providers, reported net profits after tax of $41.2 million, down 57.7 per cent over last year while revenue rose 1.4 per cent to $477.3 million.

That was better than analysts' prediction of $460 million in revenue, according to Bloomberg data.

In early trade, the company's stock rose about 4.3 per cent to be trading at $13.12 at 10:55am AEDT.

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