Q3 earnings for Chinese instant noodle and beverage maker Tingyi Holdings fall 34.9% year-over-year to US$130.59 million amid slower sales in high inflation environment

Nevin Barich

Nevin Barich

LOS ANGELES , November 14, 2011 () – Third-quarter earnings for Chinese instant noodle and beverage maker Tingyi Holdings fell 34.9% year-over-year to US$130.59 million amid slower sales in a high inflation environment, Reuters reported Nov. 14.

However, the result beat an average forecast of $115 million from three analysts.

Gross margin for the third quarter was 27.14%, compared with 30.64% in the year-ago period, as raw materials prices affected gross profit.

The primary source of this article is Reuters, London, England, on Nov. 14, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.