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5 months ago
Burger King, Tim Hortons owner's profit more than doubles
February 13, 2017 / 11:54 AM / 5 months ago

Burger King, Tim Hortons owner's profit more than doubles

1 Min Read

Feb 13 (Reuters) - Restaurant Brands International Inc , the owner of Burger King and Tim Hortons, reported a quarterly profit that more than doubled from a year ago, when it recorded a one-time charge related to the merger of the two brands.

The company's net profit attributable to shareholders rose to $118.4 million, or 50 cents per share, in the fourth quarter ended Dec. 31, from $51.7 million, or 25 cents per share, a year earlier.

The year-ago quarter included a $37 million charge related to the merger of Burger King and Tim Hortons, which was first announced in 2014.

Oakville, Ontario-based Restaurant Brand's total revenue rose to $1.11 billion from $1.06 billion. (Reporting by Komal Khettry in Bengaluru; Editing by Shounak Dasgupta)

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