* First-half underlying pretax profit jumps 10 pct to 278.5 mln stg

* Revenue rises 7 pct to 173.8 mln stg

* Raises interim dividend to 7.98 p/shr from 7.60 p

* Cautious about prospects for 2015, says results could be similar to 2014

(Adds details, dividend, background)

June 24 (Reuters) - Barcode-printer maker Domino Printing Sciences Plc DOPR.L reported a 10 percent rise in first-half profit, helped by new product launches and a pickup in sales in its European business.

The company, which makes printers to stamp barcodes and expiry dates on food items, beverage cans and medicines, said it was on track to meet its full-year expectations, but cautioned that results for the financial year ending October 2015 could be "broadly similar" to those for the previous year.

Domino Printing said pricing pressures in Asia and other developing markets, coupled with the need for additional investment in research and development would weigh on earnings for the next two years.

Underlying pretax profit for the six months ended April 30 rose to 27.5 million pounds ($46.8 million) from 25 million pounds a year earlier. Revenue grew by 7.4 percent to 173.8 million pounds. ID:nRSX3249Ka

While growing demand from overseas markets has helped Domino Printing's sales so far, its profit has taken a beating over the last three years plagued by high selling and distribution costs and increased spending on research and development.

Domino Printing, whose unijet printers are used to print numbers on bingo tickets for over three decades, said despite pricing pressures in developing markets, both its European and Asian businesses saw double-digit revenue growth during the period.

Excluding the impact of currency translations European sales increased by 13 percent, while demand from China and India helped its Asia business clock sales growth of 12 percent.

A slump in European markets, which account for about 43 percent of the company's turnover, has been easing with Domino Printing saying on Tuesday that the number of European customers looking to invest in larger coding projects had increased significantly compared to the past two years.

Cambridge, England-headquartered Domino Printing raised its interim dividend to 7.98 pence per share from 7.60 pence.

The FTSE-250 company's share hit a life-high of 880.50 pence on Jan. 17. Domino Printing's stock has since lost about 13 percent of its gains to Monday's close of 738 pence.

($1 = 0.5880 British Pounds)

(Reporting by Esha Vaish in Bangalore)

((esha.vaish@thomsonreuters.com)(within UK +44 20 7542 1810, outside UK +91 80 6749 1136)(Reuters Messaging: esha.vaish.thomsonreuters.com@reuters.net))

Keywords: DOMINO PRINTING RESULTS/