Domino profits up in first half

Domino has published its figures for the first half of this year, which show a 7 percent jump in revenue from £161.9m to £173.8m in the same period last year, as well as profits before tax up from a loss of £3.8m in 2013 to a profit of £25.9m this year. 

Peter Byrom, Chairman, attributed this growth to stable economic conditions leading to customer confidence, adding: “Our businesses in Europe and Asia both reported double digit revenue growth and our growth in the USA was 9 per cent.  New products introduced in 2013 have helped increase equipment revenues in the period by 14 per cent despite increased price competition in Asia and other developing markets.”

The company invested some £8.9 million in Research and Development. In May 2014 and launched new products earlier in the year. Byron added: “We are cautious about prospects for the business in 2015.  The Board believes that results next year could be broadly similar to 2014 as a result of the competitive pricing environment in Asia and other developing markets and the need for additional investment in R&D.”

 


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