After 22 yers McDonald's posts its 1st profit in India
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Nearly 2 decades after entering India, the biggest food-chain McDonald's has posted its profit for the FY18 for the first time. This has come amid long-drawn legal issues with one of its key licensee partners. With its efforts, the company has succeeded to gain a profit of Rs 65.2 lakh after making a provision of Rs 198.2 crore in its financial statements in June. In the FY17 company faced a loss of Rs 305 crore.