Author: jinalorenzini

Nissin Foods Company Limited (“Nissin Foods” or the “Company”, and together with its subsidiaries, the “Group”; Stock code: 1475) today announced its unaudited 2021 first quarter financial information for the three months ended 31 March 2021 (“the Reporting Period”). The Group’s revenue amounted to HK$964.5 million, representing a year-on-year (“YoY”) increase of 9.0% from HK$884.6 million. Gross profit increased by 9.1% YoY to HK$309.9 million (2020: HK$284.2 million), while gross profit margin was maintained at 32.1%, due mainly to the increase in sales in the PRC which offsetted the increase in price of raw materials and other production costs. Profit ... Read more