date:Mar 19, 2013
China's Tingyi (Cayman Islands) Holding Corp said annual profit rose 8.5 percent as a stabilising domestic economy boosted demand for drinks and instant noodles and as raw material costs fell, but the earnings fell short of expectations.
Tingyi, which has a broad-ranging partnership with PepsiCo Inc and sells noodles under the Master Kong brand in China, said profit for 2012 rose to $455.2 million, up from $419.55 million a year earlier, also helped by improvements in production efficiency.
Th