We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Tingyi’s Profit Growth Is Strong, But Adverse Trends Are In The Wind

November 13, 2017: 12:00 AM EST
Tingyi (Cayman Islands) Holding Corp, owner of the Master Kong brand of snacks, noodles, and beverages, said its third-quarter profit rose 30 percent to $186.6 million on $2.97 billion in revenue from a restated $144 million in profit a year ago. A Chinese partner of Starbucks and PepsiCo, Tingyi warned of short-term margin pressure partly because of rising raw material costs. Other pressures affecting profit include China’s changing economic development mode, industrial upgrade, and fast-changing consumer demand.
"China's Tingyi Q3 profit jumps, but margin pressure remains", Reuters, November 13, 2017, © Thomson Reuters
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China
Hong Kong
Categories
Companies, Organizations
Earnings Release
Other News
Developed by Yuri Ingultsov Software Lab.