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Pizza Hut’s net profit slumps to £3.3m in 2024
The company’s turnover was £28.5m.
Pizza Hut reports a net profit after tax of £3.3m ($4.47m), less than half of the £8m ($10.8m) recorded in 2023.
The company’s turnover was at £28.5m ($38.3m) in 2024, down from £29.5m ($39.7m) in the previous year.
Gross profit slipped to £26.1m ($35.1m) from £27.2m ($36.5m).
Operating profit was at £3.9m ($5.3m) in 2024, down from £8.1m ($10.9m).
At the end of the year, the company had net assets of £135.8m ($182.6m).
(£1 = $1.34)
