Yum! Brands Inc., owner of KFC, Pizza Hut and Taco Bell, said net profit for the fourth quarter was US$321 million, down from US$337 million year on year, Tencent’s qq.com reported Tuesday. Revenue rose 1 percent to US$4.18 billion. Yum! Brands said its business in the mainland has not been affected by a bird flu outbreak and expects double-digit growth this year. It is targeting at least 20 percent growth in earnings per share for the 2014 financial year, the report said.
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