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Hongkong Earnings Analysis: 
Tingyi Net Up10%
Author: Trupti Mehta
123jump.com
Last Update: 6:50 AM ET May 17 2010


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Tingyi (Cayman Islands) Holding Corp first quarter sales rose 23% to $1.45 billion and net profit rose 10% to $102.2 million or 1.82 cents a share.

 
6:50 PM Hongkong, China - Tingyi (Cayman Islands) Holding Corp sales rose 23% and net profit rose 10%.

Tingyi (Cayman Islands) Holding Corp, the maker of packaged food reported first quarter sales rose 23% to $1.45 billion from $1.18 billion a year ago. Net profit in the quarter rose 10% to $102.2 million or 1.82 cents per diluted share compared to net profit of $92.8 million or 1.66 cents per share a year ago

Tingyi (Cayman Islands) Holding Corp, in the last one year traded as high as HK$20.60 in December 2009 and as low as HK$9.80 in May 2009. Based on the yesterday’s closing price of HK$16.50 the company has market cap of HK$98.22 billion.
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