date:Mar 25, 2014
exchange on Monday.
The result lagged market expectations for a $444.16 million profit, according to 30 analysts polled by Thomson Reuters.
Rival Want Want China Holdings Ltd, the country's top food and beverage maker and distributor by market value, this month posted a 24 percent rise in 2013 net profit to a record $687.3 million.
Tingyi, which competes with smaller rival Uni-President China Holdings Ltd, said revenue for 2013 was $10.9 billion, up 18.8 percent from $9.21 billion a year ago