Domino’s Pizza H1 profit rises to record

Company News

Domino's Pizza Enterprises Limited (ASX:DMP) has hiked its dividend after boosting its net profit by 44.2 per cent to a record $29.1 million in the first half of the 2015 financial year. 

The pizza maker attributed the growth to digital and product innovation, record store count growth, overseas earnings from Japan, economies of scale and crowdsourcing initiatives. 

Domino's says the year has started strongly and the company plans to open its 1,500th store later this year. 

Looking ahead Domino's expects to improve its annual net profit by 32.5 per cent and lift EBITDA by 30 per cent. 

A fully franked interim dividend of 24.6 cents per share has been declared, up 39 per cent from the year before.

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