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DP Eurasia annual core profit rises 28.9 percent

Tue, 20th Mar 2018 07:20

March 19 (Reuters) - DP Eurasia, which operates theDomino's Pizza brand in Turkey and Russia, reported 28.9 percentgrowth in annual core earnings as it increased like-for-likesales and added new stores.

The company, which is Domino's fifth largest masterfranchise, reported adjusted earnings before interest, tax,depreciation and amortisation (EBITDA) of 96.8 million Turkishlira ($24.61 million) for the full year, compared with 75.1million lira a year before.

The pizza delivery firm increased its like-for-like sales by10 percent in Turkey and 28.9 percent in Russia, driven byonline orders, which accounted for more than half of alldeliveries.

The chain, backed by Turkish private equity group Turkvensince 2010, opened two stores during first two months of 2018and said it is on track to meet its annual target.

($1 = 3.9335 liras)(Reporting by Anna Pruchnicka, editing by Louise Heavens)

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