McDonald's net profit falls 22%

McDonald's, a well-known US fast-food chain in Azerbaijan, ended 2020 with a net profit of $ 4.731 billion (21.5% less than in 2019).

Last year, McDonald's operating income was $ 19.208 billion (down 10.1% from a year earlier), operating expense - $ 11.884 billion (down 3.3%), other revenues - $ 0.035 billion (2 times less), other costs - $ 1.218 billion (8.6% more), and profit tax payments - $ 1.41 billion (29.3% less).

The assets increased by 10.8% in 2020 to $ 62.627 billion as of January 1 this year.

McDonald's was founded in 1940. Headquartered near Chicago, the company has a market capitalization of about $ 173 billion.

McDonald's entered the Azerbaijani market in 1999. The local subsidiary of the company, CJSC, has a charter capital of 2.845 million manats.