European hunger boosts McDonald’s profitsApril 22nd, 2008 - 8:19 pm ICT by admin
New York, April 22 (DPA) US fast food chain McDonald’s Corp. reported Tuesday that strong business in Europe helped to propel first-quarter net profits by 16 percent to $946.1 million. The Oak Brook, Illinois-based company, the world’s largest restaurant concern, said the net income came on sales of $5.61 billion, up six percent from the first quarter of 2007.
The company said sales growth at European restaurants outpaced those in the US, where revenues were down slightly.
European revenues rose by 23 percent year-on-year in the first quarter, whereby favourable currency exchange rates were also a factor in the higher figures. Sales in the Asia region also showed strong growth.
- McDonald's net income goes down - Jul 24, 2012
- Listed Chinese companies see narrowing profits - Apr 23, 2012
- McDonald's second quarter earnings up 15 percent, global sales up 4.8 percent - Jul 23, 2010
- Apple reports record quarterly revenue, earnings - Jan 25, 2012
- Wipro upbeat despite flat IT growth - Oct 31, 2011
- Bharat Forge's Q2 net profit up 154.5 percent - Oct 23, 2010
- Intel quarterly profit drops - Apr 18, 2012
- Two-fold jump in Mahindra Satyam's net profit - Aug 10, 2011
- Global uncertainty not affecting IT industry: Premji (Second Lead) - Jan 20, 2012
- Tata Motors Q2 consolidated net profit down 15.55 percent - Nov 14, 2011
- DLF Q2 profit falls 11 percent - Nov 10, 2011
- Wipro outlook cautious on flat growth (Lead) - Apr 25, 2012
- Infosys net up 33 percent in first quarter - Jul 12, 2012
- Ford Q1 profit down 45 percent year on year - Apr 28, 2012
- China's industrial profit goes up in 2011 (Lead) - Feb 03, 2012