Rival noodle-makers including Wings Group have cut prices to
Rival noodle-makers including Wings Group have cut prices to
compete with Indofood, eroding sales growth, Bloomberg reported.
The company's market share last year fell to 78 percent from
about 88 percent in 2003. The company in June cut its target for
full-year profit to match that of its earnings in 2004, which
fell 37 percent.