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Yum! Second-Quarter Profit Rises 4.7% on Higher Sales in China

By Joseph Galante

July 16 (Bloomberg) -- Yum! Brands Inc., the owner of the Pizza Hut, Taco Bell and KFC chains, said second-quarter profit rose 4.7 percent on higher sales in China.

Net income increased to $224 million, or 45 cents a share, from $214 million, or 39 cents, last year, the Louisville, Kentucky-based company said today in a statement distributed by Business Wire. Sales rose 12 percent to $2.7 billion.

To contact the reporter on this story: Joseph Galante in San Francisco at jgalante3@bloomberg.net.

Last Updated: July 16, 2008 16:24 EDT

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