Chinese instant noodle producer Tingyi posted increased first-quarter profits on the back of rising sales.

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Sales for the first quarter of US$1.18bn, up from $969.1m in the first quarter of last year.


Net profit rose by 43% from $65.1m to $92.8m.


Group EBITDA increased by 37% to $220.2m.


The company said turnover from its noodle business rose by 12% to $587.7m, representing 50% of group turnover.


During the quarter, the company upgraded the packaging for its Gold Mark Fumanduo middle-market brand.


Tingyi said it was confident of maintaining double-digit growth in revenues in 2009.

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