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Revenue and profit down at Telepizza

August 18, 2002

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MADRID -- Spanish pizza chain, TelePizza, recorded domestic store revenues of 154.43 million euros (U.S. $151 million) for the first half of 2002, a drop of .3 percent compared to the same period in 2001.

According to Expansion, net profits also dropped to 8.7 million euros (U.S. $8.6 million), compared to 10.99 million euros (U.S. $10.8 million) in the same period last year. Earnings before interest, taxes, depreciation and amortization were 27.66 million euros (U.S. $27 million), a drop of 5.8 percent.

Meanwhile, Telepizza's sales outside of Spain increased 4.2 percent to 32.87 million euros (U.S. $32.3 million) for the six-month period.