Just Eat share price: H1 earnings jump 62%

Orders were up 52% to 41.9 million and like-for-like orders increased 47%.

Basic earnings per share rose 42% to 1.7p.

Speaking on online ordering, Just Eat claims customers are more likely to spend more when checking the menu online.

Just Eat did not provide figures for Ireland in its latest results. Just Eat is still the largest takeaway service in the UK, with Hungryhouse and Dominos coming second and third.

The Group’s revenues grew 54% (H1 2014: 58%) compared to the same period last year, reaching £107.8 million (H1 2014: £69.8 million).

The group now employs about 40 people locally and has more than 1,700 restaurants signed up in Ireland.

Just Eat PLC Tuesday reported growth in profit in the first half of 2015 and said it expects revenue for the full year to be higher than originally anticipated due to additional orders delivered by extra investment. The company’s first-half earnings excluding interest, taxation, depreciation, amortization and a few other items was £25.8 million, while its market value is £3 billion. “I am particularly pleased to see the results of our mobile strategy which has already created a much improved experience for our app and mobile users”, said chief executive David Buttress.

Just Eat intends to invest an additional GBP8 million in marketing in its core markets by the end of the current year, together with a further GBP5 million into technology and its Latin American teams.