Tingyi (00322) said its profit attributable to owners for the first quarter ended 31 March 2017 rose 15.32% year-on-year to Rmb433.5 million, benefited by the year-on-year decline from distribution costs and other operating expenses.
Basic and diluted earnings per share were Rmb7.73 cents.
Revenue amounted to Rmb14,198 million, an increase of 3.73% from a year earlier.
Due to the rising prices from key raw material such as sugar and PET resin, the Group's gross profit margin dropped by 3.37 percentage points to 28.04%.
The Board of Directors does not recommend the payment of a quarterly dividend.
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