Nissin Foods Co., Ltd. ( (HK:1475) ) has issued an announcement.
Nissin Foods Co., Ltd. reported its annual financial results for the year ending December 31, 2024, showing a slight decline in revenue from HK$3,833,194 in 2023 to HK$3,811,864 in 2024. Despite the decrease in revenue, the company managed to maintain a stable gross profit of HK$1,312,114 compared to the previous year. However, the profit before taxation saw a significant drop to HK$302,939 from HK$456,965 in 2023, largely due to increased selling, distribution, and administrative costs. The total comprehensive income for the year also decreased to HK$160,971 from HK$307,809. This financial performance may impact the company’s market positioning and stakeholder confidence.
More about Nissin Foods Co., Ltd.
Nissin Foods Co., Ltd. operates in the food industry, primarily focusing on the production and distribution of instant noodles and related products. The company is known for its innovative approach in the packaged food sector and has a significant market presence in Hong Kong and other regions.
YTD Price Performance: -1.83%
Average Trading Volume: 565,697
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.11B
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