date:Mar 25, 2014
Tingyi Cayman Islands Holding Corp , China's largest food and beverage maker by sales, saw annual 2013 net profit fall 10.9 percent, missing forecasts, as slower economic growth weighed on increasingly price-sensitive shoppers.
Taiwan-based Tingyi, which has a broad-ranging partnership with PepsiCo Inc and sells noodles under the Master Kong brand in China, said net profit for 2013 fell to $408.5 million from a restated $458.6 million a year earlier, according to a filing to the Hong Kong stock