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Tingyi Holding posts 19.4% rise in Q3 profit
By Ding Yining |
November 19, 2012, Monday
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Online Edition
Online Edition
CHINESE instant food and drinks maker Tingyi Holding Corp said its profit grew 19.4 percent in the third quarter thanks to rising consumer demand and falling material costs.
Tingyi's net income in the three months ended September 30 reached US$155 million, the company said in a filing to the Shanghai Stock Exchange today.
Revenue in the third quarter rose 33.6 percent to US$2.95 billion, bringing the company's total turnover in the first nine months to US$7.49 billion.
Tingyi, which is partnering with Pepsi Co in non-alcohol beverage business in China, unveiled a new joint venture bottling plant in Henan Province last month.
Tingyi's net income in the three months ended September 30 reached US$155 million, the company said in a filing to the Shanghai Stock Exchange today.
Revenue in the third quarter rose 33.6 percent to US$2.95 billion, bringing the company's total turnover in the first nine months to US$7.49 billion.
Tingyi, which is partnering with Pepsi Co in non-alcohol beverage business in China, unveiled a new joint venture bottling plant in Henan Province last month.
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