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LONDON (Alliance News) - DP Poland PLC shares rose on Wednesday morning after the company reported a jump in sales and profit in the year to the end of December.
The company, which sub-franchises Domino's Pizza stores in Poland, said its system sales in the year to the end of December rose 35% to PLN20.4 million from PLN15.1 million a year earlier.
Like-for-like systems sales in the year were up 19%, while its like-for-like gross profit increased by 18%, the company said. Its like-for-like order count in the year rose 19%.
"Sustained double digit like-for-like system sales growth coupled with continuing reductions in food and operational costs resulted in significant improvements in store EBITDA performance," said DP Poland Chief Executive Peter Shaw.
Shares in the company were up 30% to 12.00 pence on Wednesday morning, comfortably the best performer in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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