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The latest announcement is out from Nissin Foods Holdings Co ( (JP:2897) ).
Nissin Foods Holdings Co. reported its consolidated financial results for the nine months ending December 31, 2024. The company experienced a year-on-year increase in revenue by 6.1%, although core operating profit decreased by 7.4%. The decline in core operating profit was attributed to increased investments in new business ventures. The company’s strategic focus remains on expanding its core operations while actively investing in new business areas within a specified range of its core operating profit. Despite the drop in profits, the overall revenue growth indicates a stable market presence and ongoing market demand for its products.
More about Nissin Foods Holdings Co
Nissin Foods Holdings Co., listed on the Tokyo Stock Exchange, operates in the food industry, primarily known for its instant noodles and related food products. The company focuses on both domestic and international markets, offering a range of convenience food options.
YTD Price Performance: -8.84%
Average Trading Volume: 298
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.49B
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