Just Eat revenues have reached £464.5m during the first half (H1) of 2019, a 30% increase compared to £358.4m for the same period last year.
The online food delivery company also reported underlying EBITDA (excluding Mexico) was down 16% to £72.4m, compared to £86.0m during the same period last year.
Go deeper with GlobalData
Orders of the company increased by 21% to 123.8 million in H1, compared to 102.5 million during the six-month period last year.
Just Eat interim CEO Peter Duffy said: “We’ve been working at pace and made good progress in the first half of the year to become the preferred food delivery app for our customers, with a broader choice of restaurants, a better user experience and a more personalised and impactful approach to communication.
“Performance in our UK business strengthened in Q2, our Canadian and European businesses are performing well and Australia has returned to top-line growth with our delivery operations achieving gross profitability.
“These are strong foundations for Just Eat to build on, as the business continues to drive forward.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn addition, profit before tax for the company was down by 98% to £0.8m, compared to £48.1m during H1 2018.
Basic earnings per share (EPS) dropped by 115% to 0.8p, adjusted basic EPS was down by 36% to 5.7p, and net cash generated by operations decreased by 15% to £65.9m.
Last month, Just Eat introduced the latest Food Standards Agency (FSA) hygiene rating of all UK restaurants listed on its platform.
