mcdonalds reports 477 pct jump in 3q earnings to 19 bn
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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McDonald's reports 47.7 pct jump in 3Q earnings to $1.9 bn

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Arab Today, arab today McDonald's reports 47.7 pct jump in 3Q earnings to $1.9 bn

New York - AFP

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.

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