China's Tingyi Q4 profit tumbles amid anti-Japan sentiment
date:Mar 19, 2013
nd beverage maker and distributor by market value and which did not have to deal with anti-Japan sentiment, this month posted a 32 percent rise in 2012 net profit to a record $553.8 million, largely due to softer raw material prices.

Tingyi, which also competes with smaller rival Uni-President China Holdings Ltd, said its turnover was $9.21 billion for 2012, up from $7.87 billion a year ago. Its gross margin was 29.9 percent, compared with 26.54 percent a year earlier.

Tingyi, which commands j
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