August 4, 2016 / 11:02 AM / in a year

Owner of Burger King/Tim Hortons posts jump in profit

Aug 4 (Reuters) - Restaurant Brands International Inc , owner of Burger King and the Tim Hortons coffee and doughnut chain, reported a more than eight-fold rise in quarterly profit, helped by lower costs.

The company’s net profit attributable to shareholders jumped to $90.9 million, or 38 cents per share, in the second quarter ended June 30, from $11 million, or 5 cents per share, a year earlier.

The year-ago quarter included a $27.4 million charge related to the merger of Burger King and Tim Hortons. (Reporting by Anet Josline Pinto in Bengaluru; Editing by Maju Samuel)

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