BURGER KING HAS a PROFIT of $ 35.8 MILLION in 1st Qtr

The fast food Burger King announced on Friday (26/04) which recorded net income of $ 35.8 million in the first quarter, compared with $ 14.3 million in the same period last year. The company's revenues, however, shrank by 42.5% to $ 327,7 million, $ 569,9 million a year ago due to the drop in sales.
The 3 g Capital private equity fund based in New York and controlled by Brazilians Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, is still the largest shareholder. "We had a strong growth of earnings per share of 49% in the first quarter of 2013, despite the challenging and competitive economic environment, which resulted in the fall of 1.4% of global sales," said Bernardo Hees, President of the network, which is moving to Heinz.
"In addition, we increased our dividend in 20% and started a share repurchase program of $ 200 million, demonstrating our positive outlook for the long term and our commitment to give back to shareholders."