Newsletter
Newsletter
Product launches and digital growth put Domino’s profits up
Australasian pizza maker Domino's Pizza Enterprises Limited (DMP) has announced a $12.6 million half year net profit after tax, up 23% on the corresponding period last year.
The robust half year profit was the result of strong core operations which saw the company achieve same Store sales (SSS) growth of 8.4% rolling the 9.1% growth achieved during the same corresponding period last year. Both the ANZ and European markets experienced solid SSS performance in the first half of the 2012 financial year.
The ANZ market achieved SSS growth of 8.7% while the European operations recorded solid SSS growth of 7.5% compared to the first half last year.
Domino's CEO and MD Don Meij said the strong first half results were supported by successful product launches across both markets and the growth of the company's digital business in Australia and New Zealand.
"We have recorded a strong performance for the first half of the 2012 financial year, particularly in Australia and New Zealand where we were rolling over very strong numbers from this time last year," Mr Meij said.
"Our digital business continues to go from strength to strength with more than one third of all online orders now via mobile devices.
"In Europe, network sales were up 12.6% on a constant currency basis on the same corresponding period last year as a result of solid momentum which was achieved on the back of strong new product rollouts and other operational initiatives."
The company will pay shareholders an interim fully-franked dividend of 13.0 cents per share, up 25.0% on the dividend paid in the corresponding period last year.