Tingyi (Cayman Islands) Holding Corp. (0322.HK) Monday reported a 55% rise for its first-half net profit, thanks partly to sales volume growth.
The Chinese instant noodle producer said the net profit for the six months ended June rose to 700.2 million yuan (US$105 million) from CNY453.0 million a year earlier, while its first-half revenue rose 4.2% to CNY28.57 billion.
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For the April-June period, the company's net profit jumped over three times to CNY266.7 million from CNY 77.0 million a year earlier. Its April-June revenue rose 4.7% from a year earlier to CNY14.37 billion.
The company didn't declare an interim dividend.
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(END) Dow Jones Newswires
August 21, 2017 00:50 ET (04:50 GMT)