Tingyi (Cayman Islands) Holding (HKG:0322) reported profit attributable to owners of the company of 2.27 billion yuan for the six months ended June 30, up nearly 21% from 1.89 billion yuan a year earlier, the company said in a Monday Hong Kong bourse filing.

Earnings per share came in at 0.4028 yuan, compared with 0.3346 yuan in the prior-year period.

Revenue fell to 40.09 billion yuan from 41.20 billion yuan a year earlier.

Shares of the food and beverage maker were down over 2% in Tuesday morning trade.