Domino's Pizza Enterprises Ltd (ASX: DMP) has extended its gains today after releasing a very strong set of results for its half-year ending 31 December, 2013. That saw its stock climb to a high of $19.77 yesterday, before ending the day trading at $19.25 – a gain of 12.4%.
In yesterday's report, the company revealed a 38.8% increase in underlying net profit after tax (NPAT), while total sales rose a whopping 39.9% to $576.2 million, aided by the opening of a record 60 new stores worldwide.
The market was also particularly impressed with the group's progress in Japan. The company acquired a 75% shareholding of Domino's Pizza Japan roughly four months ago, and in that time has experienced a record sales month in December of ¥3.6 billion (roughly $38.8 million). It has also surpassed Pizza Hut to become number two in the region for total network sales.
The market has expressed further appreciation of the report today, sending shares soaring a further 3.4% to $19.90.
