KFC owner Yum Brands profits hit by food safety scare in China
11 July 2013 by Janie Manzoori-Stamford
KFC and Pizza Hut owner Yum Brands has reported a fall in profits as a food safety scare continued to impact its sales in China.
The company made a net profit of $281m (£185m) in the three months to 15 June, which was 15% down on the previous year. Sales in China plummeted by 20% in the same period as a result of fears of bird flu outbreak.
The concerns over the flu came as Yum was trying to recover from allegations that its suppliers were giving chickens unapproved levels of antibiotics, reported the BBC.
