Pizza franchise, Domino’s Pizza, has announced a $17.8 million full year Net Profit After Tax (NPAT), up 16 per cent on last year.

The profit was generated by Total Network Sales of $694.3 million, with Same Store Sales for the year up 2.8 per cent on the previous year.

During the 12 months to 4 July 2010, Domino’s added 54 stores to its network, comprised of 41 stores in Europe and 13 stores in Australia and New Zealand. The year-end store count was 823.

“Our solid performance for the 2010 full year is the result of strong Network Sales growth up 5.6 per cent in Australia and New Zealand while Europe experienced solid growth up 14.3 per cent on the corresponding period last year,” said Don Meij, Domino’s CEO.

The franchise also reported strong EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $32.5 million, up 15.1 per cent on 2009.

Meij said Same Store Sales were aided by strong promotions in both the Australian/New Zealand and European markets.

“In Australia and New Zealand we recorded strong Same Store Sales of +3.23 per cent, a good result given we were rolling over a strong year in 2009 following the new menu launch.”

“In Australia our continued focus on the online side of our business also contributed to these results. Our online ordering, which includes orders placed through our highly successful iPhone app, is advancing and we are seeing great growth.”