Fast food giant McDonald’s has witnessed a 5% increase in profit for the third quarter from last year on the back of higher revenues.

For the third quarter, the chain’s net income was $1.52bn, as against the $1.46bn in the corresponding period in the prior-year quarter.

Total revenues for the quarter advanced by 2% to $7.32bn from $7.15bn in the same quarter last year.

Sales by company-operated restaurants grew 2% from last year to $4.92bn, while revenues from franchised restaurants increased 4% to $2.40bn.

For the third quarter, the company’s global comparable sales – a metric used to gauge performance of stores open for at least one year – increased 0.9%.

On a segmental basis, US comparable sales for the quarter increased 0.7%, while operating income rose 5%.

During the quarter, the U.S. segment featured new core favorites as well as the Monopoly promotion and introduced Mighty Wings with a national, limited-time offer.

McDonald’s Europe comparable sales for the quarter edged up 0.2% while operating income rose 11% and also increased 8% in constant currencies.

This reflects strong performance in the UK as well as Russia and solid results in France, partially offset by Germany.

In the Asia/Pacific, Middle East and Africa or APMEA region, comparable sales declined 1.4%, primarily due to negative results in China, Japan and Australia.

McDonald’s president chief executive officer Don Thompson said, "For the quarter, our results reflect McDonald’s ability to grow amid the broad-based challenges of the current environment by focusing on those areas of the business within our control."