date:Mar 19, 2013
China's Tingyi (Cayman Islands) Holding Corp, a maker of drinks and instant noodles, said fourth-quarter profit slid 75 percent as consumers shied away from its Japanese-style packaging and marketing amid a territorial row between the two countries.
Tingyi, which has a broad-ranging partnership with PepsiCo Inc and sells noodles under the Master Kong brand in China, said its net profit was $14.9 million for the three months ended in December, down from $59.9 million in the same period a year ea