October 27, 2015 / 11:20 AM / in 2 years

Burger King/Tim Hortons owner's Q3 profit rises

Oct 27 (Reuters) - Restaurant Brands International Inc , formed last year out of Burger King's takeover of Canadian coffee chain Tim Hortons, said third-quarter profit soared from the preceding quarter, helped by new restaurants and lower costs.

The company, posting third-quarter results for the first time, said net profit attributable to shareholders rose to $49.6 million, or 24 cents per share, from $9.6 million, or 5 cents per share, in the second quarter.

The Oakville, Ontario-based company's revenue fell 2 percent to $1.02 billion in the three months ended Sept. 30. (Reporting by Anet Josline Pinto and Manish Parashar in Bengaluru; Editing by Savio D'Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below