Domino's cruist thicker with 14.5 per cent growth

Written on the 10 March 2009

 

BRISBANE’S Domino’s Pizza Enterprises Limited (DMP) has announced a strong half-year growth of 14.5 per cent above the corresponding period last year with net profit of $6.3 million.

Domino’s Pizza Enterprises CEO and MD Don Meij (pictured), says the company’s NPAT was up 2.8 per cent to $6.3 million. He says the company will pay shareholders an interim fully-franked dividend of 4.4 cents per share, up 7 per cent on the dividend paid in the corresponding period last year.
“We have recorded solid performance for the first half of the 2009 and, as a result, Domino’s Pizza is on track to meet market guidance of an increase of 10 per cent -15 per cent in NPAT on full-year 2008,” says Meij.
“Europe has reported strong results including EBITDA up 35.7 per cent on the same period last year. The interim dividend will be paid on 20 March 2009 with a record date of 2 March 2009.
“The dividend reinvestment plan remains active but, as a benefit of DMP being in a strong capital position, the interim dividend will not be underwritten.”
Domino’s added 15 stores, including two stadium stores, bringing the total number of stores in the network to 756. This included 11 stores in Europe and four stores in Australia and New Zealand.
The company’s organic store growth remains in line with expectations of adding 40 stores by full year 2009.
Looking forward, Meij says the company is experiencing strong momentum in sales with sales growth of 5.2 per cent in January 2009, as the company continues to recruit.
“Despite the economic downturn, customers are still appearing to be supportive of the fast food category,”
he says.
 “With the new menu launched in Australia, including three fresh premium pastas, three additional pizzas and a dessert, we believe we can continue to offer customers greater choices and value for money.”
DMP is Australia’s only publicly-listed pizza company and is the master franchisor for the Domino’s Pizza brand in Australia, New Zealand, France, Belgium and The Netherlands.

Latest News

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

KOGAN BREAKS FORECASTS IN ITS FIRST YEAR OF PUBLICLY LISTED TRADE

RAISING the bar high in its first year as a publicly listed company, Kogan.com (ASX: KGN) has smashed its forecast...

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter