McDonald’s reports 47.7% jump in Q3 earnings to $1.9 billion | business-news | Hindustan Times
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McDonald’s reports 47.7% jump in Q3 earnings to $1.9 billion

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.

business Updated: Oct 24, 2017 18:20 IST
AFP
The logo of Dow Jones Industrial Average stock market index listed company McDonald's (MCD) is seen in Los Angeles, California.
The logo of Dow Jones Industrial Average stock market index listed company McDonald's (MCD) is seen in Los Angeles, California.(Reuters File Photo)

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.