date:Mar 19, 2013
e result lagged market expectations of $485.65 million, according to Thomson Reuters Starmine SmartEstimate.
Rival Want Want China Holdings Ltd, the country's top food and beverage maker and distributor by market value, 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 competes with smaller rival Uni-President China Holdings Ltd, said revenue for 2012 was $9.21 billion for 2012, up 17.1 percent from $7.87