McDonald's reports 47.7 pct jump in 3Q earnings to $1.9 bn

That included a gain of about $850 million from the sale of China and Hong Kong businesses to franchising companies.

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