Tingyi 1Q Net Profit Rises 15.3% On-Year

By Saurabh Chaturvedi Features Dow Jones Newswires

Tingyi (Cayman Islands) Holding Corp. (0322.HK) reported a 15.3% rise in its first quarter net profit helped partly by higher revenue.

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The Hong Kong-listed instant food products manufacturer said net profit for the quarter ended March 31 rose to 433.5 million Chinese yuan (US$63 million) from CNY375.9 million in the same period the year before, the company said in a stock exchange filing late Monday.

The company said its revenue for the quarter rose 3.7% on-year to CNY14.19 billion.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

(END) Dow Jones Newswires

May 22, 2017 20:52 ET (00:52 GMT)