McDonald's Corporation, the world 's biggest fast-food chain, said Tuesday it lost 711.7 million dollars in the second quarter.
For the quarter, the loss was 60 cents per share, compared to 834.1 million dollars earnings or 67 cents per share, in the same period last year.
"McDonald's results reflect the financial impact of the previously announced developmental license transaction in Latin America," said McDonald's Chief Executive Officer Jim Skinner.
In April, McDonald's announced a plan to sale 1,600 restaurants in 18 Latin American and Caribbean countries in an effort to strengthen profit.
Earnings per share, excluding exceptional items, were 71 cents, in line with the company's guidance.
Revenue climbed 12 percent to 6 billion dollars, from 5.36 billion dollars a year earlier.
Source: Xinhua
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