• Kyodo

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McDonald’s Holdings Co. (Japan) said Thursday it more than halved its group net profit projection for 2013 as its sales and customer traffic proved far below its initial estimates.

It now expects ¥5 billion in net profit against an initial estimate of ¥11.7 billion, and also revised its operating profit projection to ¥11.5 billion from the initial ¥20 billion.

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