Hong Kong listed food and beverage group Tingyi has booked a jump in third-quarter earnings, but nine-month profits remained below 2012 levels.

The company said today (18 November) third-quarter net profit rose 30.97% to US$278m. EBITDA gained 17.97% to US$472m. Sales grew by more than 15% to hit US$3.39bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

However, the strong third quarter failed to offset lower first-half profitability as the group increased its investment in advertising and saw earnings from its instant food business drop.

As a consequence, profit in the first nine months of the year fell 17.7% to US$523m and EBITDA was down 7% to US$1.05bn. However, Tingyi booked a strong increase in nine-month sales, which increased 17.83% to US$8.81bn.

Click here to view the full release from Tingyi.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now