DP Eurasia jumps on higher HY core profit
19/09/2023 08:56
** Shares of Domino's Pizza franchise holder in Turkey DP
Eurasia DPEU.L up 13.5% at 65p - top gainer across London
stocks
** Co says HY adj EBITDA from continuing operations rose
34.4%
** Says, confident that like-for-like inflation-adjusted
growth will be in high teens for FY, better than low teens
figure previously guided
** Adds, anticipating maintaining organic and lfl sales
momentum in 2023
** While Turkish Lira has depreciated vs the pound, the
group has delivered very strong growth even when results are
translated in pound terms, says Liberum
** Co in Aug started bankruptcy proceedings for its Russian
unit; says no sales process has occurred since announcement
** Up to last day's close, stock had risen 20.37% so far
this year
($1 = 27.0305 liras)
(Reporting by Zainab Saifuddin Saifee in Bengaluru)
((Zainab.SaifuddinSaifee@thomsonreuters.com; +91 8766460080;))