Tingyi Q1 net up
TINGYI (Cayman Islands) Holding Corp, China's biggest maker of packaged food, said yesterday that first-quarter profit rose 61 percent due to a provisional gain from its alliance with PepsiCo Inc.
Net income rose to US$198 million in the three months ended March 31 from US$123 million a year earlier, Tingyi said. Sales fell 5.2 percent to US$1.9 billion. Revenue, other than from its operations, which includes gains from a deal Tingyi signed with PepsiCo, surged to US$211 million from US$25 million a year earlier.
Net income rose to US$198 million in the three months ended March 31 from US$123 million a year earlier, Tingyi said. Sales fell 5.2 percent to US$1.9 billion. Revenue, other than from its operations, which includes gains from a deal Tingyi signed with PepsiCo, surged to US$211 million from US$25 million a year earlier.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.