Domino’s Pizza Enterprises Ltd
(ASX:DMP) has released its 1H17 results and addressed the recent scandal concerning the exploitation of workers at some of its franchisees' stores.
Domino’s reported that its underlying net profit rose 30.8% to $59.7 million in 1H17.
The company declared an interim dividend of 48.4 cents per share, 50% franked. This is higher than previous interim dividend by 39.5%.
According to the company's media release this morning, it has a “zero tolerance” policy on “unethical behaviour” and under-payment of wages.
Domino's also says, in the last three years, it investigated 88 complaints and recovered $4.5 million in unpaid superannuation and wages owed to some employees of its franchisees.
Since this morning, Domino’s share price has dropped 6.6% to $58.31.
