Tingyi 2014 Net Profit Drops

Tingyi (Cayman Islands) Holding Corp. TCYMY reported around 2% decline in its 2014 net profit. Tingyi's net profit for the year slipped to US$400.48 million, compared to US$408.54 million, in the year-ago period. Earnings per share shrank to 7.13 cents from 7.28 cents Its revenue declined 6.4% to US$10.24 billion. Tingyi's board declared a final dividend of 3.57 U.S. cents a share.