Nissin Foods net profits increase 2.73 pc to $258m

Japanese instant food giant Nissin Foods (1475) reported a net profit of HK$258 million as of September this year, up 2.73 percent year-on-year with no dividend declared.

Nissin Foods recorded a revenue of HK$3.06 billion, marking a 6.99 percent year-on-year growth. 

Revenue from its operations in Hong Kong and other regions increased by 9.5 percent, driven by strong performance in the local instant noodle market and rising demand from other areas, offsetting declines in frozen food and export sales. 

Additionally, revenue from its Chinese operations rose by 5.4 percent, attributed to expanded sales in inland regions and improvements in existing markets.

The gross profit margin increased 0.6 percent to 35.4 percent, mainly due to increased sales of cup noodles and improvements in production efficiency.