date:Aug 19, 2014
China's largest food and beverage maker Tingyi (Cayman Islands) Holding Corp (0322.HK) said on Monday its first-half net profit rose 17.9 percent, helped by falling prices of raw materials and increased controls over operational costs.
Hong Kong-listed Tingyi, owner of the Master Kong brand and a partner with PepsiCo Inc (PEP.N) in China, said profit for the six months ended June totaled $231.9 million, up from $196.7 million a year earlier.
The result lagged an average forecast of $236.1 mill