March 27, 2017 / 4:20 AM / 4 months ago

BRIEF-Tingyi Cayman Islands says FY net profit fell 31 pct

1 Min Read

March 27 (Reuters) - Tingyi Cayman Islands Holding Corp

* fy net profit $176.884 million versus $256.3 million

* fy revenue $8.37 billion versus $9.10 billion

* board will recommend payment of a final dividend of us$1.58 cents per share

* expects to increase its renminbi borrowing, and proportion of renminbi borrowing of group's total borrowings will be increased gradually

* looking ahead in 2017, packaged food industry is currently facing challenges in macroeconomic environment,

* management team has been planning and are in progress of disposal of under-utilized assets to enrich future cash flow Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below