Nissin Foods quarterly income falls to HK$93.2mBusiness | 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.