DP Eurasia (LON: DPEU) is prospering in its core market in Turkey and profit is set to grow rapidly, yet the share price does not fully reflect this despite the jump since the interim results.
DP Eurasia is the master franchisee for Domino’s Pizza in Turkey, Russia, Azerbaijan and Georgia. There are also coffee shops under the COFFY name, and this has increased the addressable market.
The loss of the Russian business, which is filing for bankruptcy due to economic sanctions and the failure to sell the business, has not helped progress in recent years. External debt of £4.3m has already ...
