CHINA: Tingyi Q1 profit rise but margins "squeezed"
By James Jordan | 13 May 2011
Chinese food and beverage manufactuer Tingyi said that profit rose during the first quarter, but its gross margin was squeezed due to rising raw material costs.
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Chinese food and beverage manufactuer Tingyi said that profit rose during the first quarter, but its gross margin was squeezed due to rising raw material costs.
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