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Retail

DP Poland delivers tasty first half

The pizza firm has now enjoyed 15 consecutive quarters of double digit like-for-like sales growth

DP Poland Plc (LON:DPP), which develops, operates and sub-franchises Domino’s pizza stores in Poland, enjoyed a strong first half of trading in 2016.

For the six months to the end of June, like-for-like sales were up 28% compared to the same period last year, while total sales grew by 57%.

“Strong like-for-likes coupled with the better than anticipated sales performance of our newer stores delivered robust growth in total system sales,” said chief executive Peter Shaw.

Five new stores opened during the first half of 2016 with two new cities also coming on stream.

The company said there is a pipeline of store openings for the rest of 2016 as well, with two stores already constructed.

During the period, new sub-franchisee JAR acquired their first and second stores, while fellow sub-franchisee HLM acquired its fourth store earlier this month.

The firm said the sub-franchisees are “active in growing their numbers” and anticipates further sub-franchise openings and acquisitions in the near future.

Shares closed at 41.75p on Monday.

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