date:Oct 10, 2013
n the same period last year, according to company data and Reuters' calculations, as the extra marketing costs of the noodle war weighed.
Tingyi, a partner of PepsiCo Inc (PEP.N) in China, also saw some erosion to its operating margins, which slipped to 10.9 percent in the first half of 2013 from 11.8 percent for the same period in 2012.
Pickled Cabbage Fight
Whilst Uni-President is pulling back for now, analyst Nice Wang at Yuanta Securities in Shanghai said the price battle may not be over,