Nissin Foods quarterly income falls to HK$93.2m

Business | 11 May 2021 3:34 pm

Nissin Foods (1475) announced the last-quarter net profit fell by 6 percent to HK$93.2 million year-on-year.

Revenue grew by 9 percent to HK$964 million.

Hong Kong revenue fell by 6.3 percent. Profit fell by 44 percent to HK$25.3 million.

The mainland business grew by 19.5 percent. Profit was up by 17 percent to HK$94.2 million.

The gross profit margin was 32.1 percent.

Nissin also plans to invest HK$194 million in the consolidation of production facilities and the installation of new smart production lines in the Tai Po plants.

 



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