McDonald's Japan swings to small H1 profit on sales rebound

McDonalds Holdings Japan

09/08/2016 07:36

TOKYO, Aug 9 (Reuters) - McDonald's Holdings Co Japan 
 2702.T  managed to swing to a small first-half operating 
profit, helped as sales staged a long-awaited rebound after 
slumping in the previous two years on a series of food safety 
scandals. 
    The Japan unit of McDonald's Corp  MCD.N  reported an 
operating profit of 47 million yen ($460,000) for January-June, 
compared with a 18.3 billion yen loss for the same period a year 
ago. 
    Revenue climbed 23 percent to 104.9 billion yen. 
    The company's stock surged last month after it said its 
3,000 outlets in Japan would host battles between Pokemon 
characters in the mobile Pokemon GO game but the shares have 
since given up most of those gains. 
    McDonald's Japan maintained its forecast for a full-year 
operating profit of 3.3 billion yen.  
    Any bump-up in revenue from Pokemon GO is not expected to be 
evident until the company reports for the current quarter ending 
on Sept 30. 
 
 
($1 = 102.4400 yen) 
 
 (Reporting by Tim Kelly; Editing by Edwina Gibbs) 
 ((tim.kelly@thomsonreuters.com; +813-6441-1311;)) 
 
Keywords: MCDONALDS JAPAN RESULTS/