Nissin Foods’ net profit in the first nine months grows 4.2 percent

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Nissin Foods (1475) recorded HK$269 million in net profit for the first nine months of this year, up 4.2 percent year on year, helped by stable business growth in Hong Kong, other…

Nissin Foods (1475) recorded HK$269 million in net profit for the first nine months of this year, up 4.2 percent year on year, helped by stable business growth in Hong Kong, other regions, and the Chinese mainland.

Its total revenue rose 6.3 percent to HK$3.26 billion, while basic earnings per share were up 4.2 percent to 25.77 HK cents, and no dividend was declared.

Revenue from the Hong Kong and other regions operations remained stable, increasing by 0.8 percent due to continued steady performance of the instant noodle business in the Hong Kong market and increased demand in other regions.

Revenue from the Chinese mainland operations increased solidly by 9.8 percent, or 4.6 percent in local currency, due to the increased sales volume of instant noodles and the positive impact of foreign currency translation.

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