McDonald’s profit rose by a third

Прибыль McDonald's выросла на треть

The company’s profit grows

Net income increased to $ 4.5 billion.

The net profit of a network of restaurants of fast food McDonald’s for 9 months of current year grew by 29% compared to the same period last year – up to 4,494 billion dollars. This was reported in the financial statements of the company, reports Prime.

As noted, diluted earnings in terms of one ordinary share for the reporting period increased to 5.48 4.01 dollar against the us dollar, the company informed. Operating profit has increased by 28% to 7,409 billion dollars. At the same time, the revenues of McDonald’s at the end of the reporting period decreased by 6% to 17,480 billion dollars.

In the third quarter, McDonald’s increased its net profit by 47% to 1,884 billion dollars. Diluted earnings per share were 2.32 dollar vs. $ 1.50 a year earlier. The figure was above forecasts of experts 1.77 per share. Operating profit has increased by 44% to 3,079 billion dollars. Revenue decreased by 10% to 5,755 billion dollars.

Global comparable sales for McDonald’s in the third quarter increased by 6%.

“During the third quarter we have updated the franchise agreements in China and Hong Kong, reaching the goal in 4 thousand new restaurants, ahead of schedule for the year ahead. More complex structure of the franchise will stimulate the growth of the company value on the stock exchange,” said chief financial officer Kevin Ozan.

Recall that the market value of the world’s leading software developer Microsoft Corp. exceeded $600 billion.