McDonald's reports 47.7 pct jump in 3Q earnings to $1.9 bn
McDonald's reports 47.7 pct jump in 3Q earnings to $1.9 bn
New York - Al Maghrib Today
McDonald's reported a jump in third-quarter profit Tuesday, boosted by better sales in key markets and a one-time infusion of funds from refranchising Chinese and Hong Kong restaurants.
Net income for the quarter ending September 30 was $1.9 billion, up 47.7 percent from the year-ago period. That included a gain of about $850 million from the sale of China and Hong Kong businesses to franchising companies.
Source: AFP
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