McDonald’s Japan has today (Monday) reported first quarter net profit more than tripled, according to the Reuters news agency.

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The rise was due to strong sales at new and existing restaurants.


McDonald’s Holdings Co. Ltd. (Japan), which is almost 50% owned by US fast-food giant McDonald’s Corp, posted  a group net profit of 1.92 billion yen ($18.26m) for the January-March period, up 243% from 560 million yen a year earlier, on an 8.8% rise in sales to 82.14bn yen.


For the year to December, McDonald’s Japan kept its net profit forecast at 5.17bn yen, above a consensus analyst projection of 5.14bn yen in a poll of five analysts by Reuters Estimates.


McDonald’s Japan last month introduced a new and simplified menu to attract more customers, and revealed a plan to double capital investment this year to renovate outlets.

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