Tingyi (Cayman Islands) Holding Corp., the Hong Kong-listed food and beverage maker, today (24 November) booked a 20% leap in third-quarter profits on the back of soaring sales.

The company, which makes noodles, sandwich crackers and soft drinks under the Master Kong brand, posted net profit of US$91.9m for the three months to 30 September, a rise of 20.1% on the year.

Turnover jumped 32.8% to $1.32bn as sales from Tingyi's three divisions - noodles, beverage and bakery - all rose.

Noodles sales increased 32.9% to $542m, while beverage sales reached $704m, a rise of 34%. Tingyi's bakery sales stood at $46m, up 35.4%.