By: Benzinga
Tingyi Posts Rise In Q3 Profit
Tingyi Cayman Islands Holding (OTC: TCYMY ) posted a rise in its profit in the third quarter. Tingyi's quarterly net profit climbed 19.4% to $155.9 million, versus analysts' estimates of $162 million. Its revenue climbed 33.6% to $2.95 billion. Sales of drinks jumped 57% to $1.82 billion, while sales of instant
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