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RECORD BUSINESS INSIDER: Big pizza the action.

Byline: JOHN PENMAN

PIZZA chain Domino's delivered a slice of their success to shareholders yesterday when they upped their half-year dividend by more than two thirds.

The group unveiled the 66.7 per cent rise, to a record 2.2p per share from 1.32p, as they announced a 41.5 per cent hike in interim pre-tax profits to pounds 4.1million.

Domino's, who operate 337 franchise stores in the UK and Ireland, said the record profits rise resulted in strong cash generation.

That had allowed them to return unneeded cash to shareholders.

Chief executive Stephen Hemsley, right, said the company had continued to make good progress in the first half of 2004, with record sales and strong store growth.

He said the outlook for the remainder of 2004 was positive, adding: 'We are confident of a successful outcome for the year.'
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Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Date:Jul 28, 2004
Words:142
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