Domino’s slices dividend as weak Europe sales dent profit
Domino’s Pizza Enterprises has slashed its dividend and says there has been little improvement in sales in its struggling European business as it counts on new products to reinvigorate the business.
Domino’s reported a 9.2 per cent slide in net profit after tax to $58 million for the six months to December 31, with sagging returns from its operations in France and Japan dragging down a solid performance in Australasia. The company cut its dividend payout to shareholders by 18 per cent to 55.7¢ per share.
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