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Japanese instant food giant Nissin Foods (1475) reported a net revenue of 53.54 billion yen (HK$2.69 billion) for the nine months ended December last year for its China segment, which is roughly flat year-on-year.
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Reportedly, operating profit was 56.72 million yen, up 99.8 percent year-on-year. Core operating profit was 5.71 billion yen, up 6.5 percent from the same period last year.
Excluding the impact of currency translation, revenue was 54.95 billion yen, up 2.7 percent, and core operating profit was 5.86 billion yen, up 9.3 percent.
The company noted that sales growth of its Nissin Cup Noodles and Demae Iccho instant noodles in mainland China reflected revitalization of existing sales channels and continued expansion of distribution channels into inland regions.
On the other hand, in Hong Kong, despite the rising trend of “northbound consumption” in the Greater Bay Area by residents, domestic consumption of instant noodles remained resilient, partly supported by steady demand for newly launched products.














