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Burger King reports 94% rise in Q4 profit

Zoom in font  Zoom out font Published: 2013-02-16  Views: 26
Core Tip: Burger King Worldwide Inc on Friday reported a 94 per cent rise in fourth-quarter profit as menu additions drove comparable sales gains in the United States and Canada.
Burger KingBurger King Worldwide Inc on Friday reported a 94 per cent rise in fourth-quarter profit as menu additions drove comparable sales gains in the United States and Canada.

The results landed as the fast-food chain and other companies with European operations grapple with a scandal involving horsemeat in products labeled as beef. Burger King said traces of horse DNA were found in samples of hamburger patties from a food-processing plant in Ireland but that the meat never reached its restaurants.

The third-largest US hamburger chain, known for its "Whopper" hamburgers, said net income rose to US$48.6 million, or 14 cents per share, in the quarter ended Dec 31 from US$25 million, or 7 cents per share, a year earlier.

On an adjusted basis, Burger King earned 23 cents per share.

 
 
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