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Home >> Business
UPDATED: 08:37, July 26, 2006
McDonald's earnings jump by 57 percent in second quarter
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Fast food giant McDonald's on Tuesday announced that its second quarter net profits had jumped by 57 percent year-on-year to 834.1 million U.S. dollars.

The world's largest restaurant company attributed the profit gain to its strongest quarterly result in Europe in more than 10 years.

The company's net income for the three months ending on June 30 was 834.1 million dollars, or 67 cents per share, compared with 530.4 million dollars, or 42 cents per share, a year earlier.

"During the second quarter, we generated strong sales and profitability increases across all segments of the business and achieved double-digit consolidated operating income growth," said Jim Skinner, McDonald's CEO, in a statement.

McDonald's revenues rose by 9 percent to 5.572 billion dollars from 5.095 billion dollars.

Source: Xinhua


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