GLG Corp Ltd Reports Improved Financial Results Amid Revenue Decline

GLG Corp Ltd reported a 5.2% decline in revenue to $110.534 million for FY23, but a 63.4% reduction in net loss after tax to $1.35 million. Despite the revenue decline, the company's improved financial performance suggests enhanced operational efficiency or cost management.

Domino's Pizza Enterprises, the largest master franchise operator outside the United States, reported a loss of A$3.7 million in the year ended June 29, marking its first full-year loss since going public two decades ago. The company's stock dropped by 20% in Sydney trading, cutting its market value to A$1.46 billion [1].

The loss was driven by a decline in same-store sales of 0.9% in the first seven weeks of the current financial year, which missed the growth expectations of 3.1% for the first six months. Domino's Pizza Enterprises operates 773 stores in Japan and 435 outlets in France, where it has been significantly impacted by weak performance and store closures [1].

The company's shares were the worst performer in the ASX 200 benchmark index, trading largely flat, as of 0043 GMT. Domino's Pizza Enterprises has been hit hard by ongoing weak performance in Japan and France, with store closures in the latter significantly impacting its bottom line. Waning post-pandemic demand and rising input costs in Japan further squeezed its profit in one of its biggest markets [1].

Domino's Pizza Enterprises has announced a series of cost-cutting measures and operational simplifications to improve profitability. The company will reduce reliance on food coupons and shift away from higher prices to lower prices and fewer tokens to make menu prices more transparent and increase profitability for franchisees [2].

The company's new Executive Chair, 83-year-old billionaire Jack Cowin, said, "We’re moving heaven and earth on the cost side of the business. This isn’t talk." Domino's Pizza Enterprises has more than 3,500 stores globally, from Australia to Europe [2].

In contrast, GLG Corp Ltd reported a 5.2% decline in revenue to $110.534 million for FY23, but a 63.4% reduction in net loss after tax to $1.35 million. Despite the revenue decline, the company's improved financial performance suggests enhanced operational efficiency or cost management [3].

References:
[1] https://www.marketscreener.com/news/australia-s-domino-s-pizza-swings-to-annual-loss-shares-fall-ce7c50d9d18ff727
[2] https://www.bloomberg.com/news/articles/2025-08-27/domino-s-pizza-enterprises-drops-as-revenue-decline-accelerates
[3] https://www.glgcorp.com/news/financial-results-fy23