Milano pays €12m to UK parent Pizza Express

The company behind the growing Milano chain of restaurants in Ireland has posted a pre-tax profit of €6.8m and paid a dividend of €12m to Pizza Express, its UK parent.

Accounts of Agenbite Ltd also show sales of €33.82m in the 18-month trading period to last Christmas.

The directors state that the company continued to grow by opening new restaurants, and that like-for-like sales had also increased.