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Nissin Foods Co., Ltd. ( (HK:1475) ) has shared an announcement.
Nissin Foods Holdings Co., Ltd., the controlling shareholder of Nissin Foods Company Limited, announced its unaudited financial results for the nine months ending December 31, 2024. The results showed an increase in net sales due to the expansion of sales channels and growth in instant noodle sales, especially in Mainland China. Despite challenges in non-instant noodle products in Hong Kong, the overall revenue increased, although operating profits decreased due to impairment losses in China. The inclusion of ABC Pastry as a subsidiary contributed to the financial results.
More about Nissin Foods Co., Ltd.
Nissin Foods Company Limited operates within the food industry, specializing in the production and distribution of instant noodles and various food products. The company is primarily focused on expanding its geographical sales areas and strengthening its brand presence, particularly in China and other Asian markets.
YTD Price Performance: -8.33%
Average Trading Volume: 508,161
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$5.74B
See more insights into 1475 stock on TipRanks’ Stock Analysis page.
