China's Tingyi (Cayman Islands) Holding Corp, a maker of drinks and instant noodles, on Monday posted a 47 percent fall on its first-quarter profits due to slower sales growth and an increase in advertising and marketing spending.

Tingyi, which has a broad-ranging partnership with PepsiCo Inc and sells noodles under the Master Kong brand in China, said its net profits stood at $104.9 million for the three months.

Tingyi said its total turnover was $2.6 billion for the three-month period, up from $1.93 billion year-on-year.