Nissin Foods looks ‘Down Under’ to escape China pressure cooker
The instant noodle maker said it will buy an Australian frozen dumpling maker for $23.3 million, as it looks to diversify beyond its China base Key Takeaways: Nissin Food is…
Nissin Foods serves up profit gains even as revenue declines
The instant noodle maker was hit by slowing consumption in Hong Kong and Mainland China, with downside factors likely to dampen its performance for the rest of the year Key…
Despite limp sales, Nissin tastes growing profits on falling costs, price hike
The instant noodle maker registered year-on-year profit growth in the third quarter thanks to price adjustments and falling raw material costs Key Takeaways: Nissin Foods’ revenue declined by nearly 3%…
Falling flour prices lift Nissin Foods as pandemic-related demand fades
Revenue for one of China’s top instant noodle makers fell 3.6% in the first quarter, even as its profit grew thanks to sharply lower material costs Key Takeaways: Nissin Foods’…
FAST NEWS: Nissin Foods Revenue Rises, But Raw Material Prices Weigh on Profit
The latest: Instant noodle maker Nissin Foods Co. Ltd. (1475.HK) said its net profit decreased by 3% to HK$90.31 million ($11.6 million) in the first quarter of this year, despite a 10% increase…
FAST NEWS: Nissin Foods’ Parent Profit Doubles in Its Fiscal Third-Quarter
The latest: Japan’s Nissin Foods Holdings Co. Ltd, the controlling shareholder of Hong Kong-listed Nissin Foods Co. Ltd. (1475.HK), Friday morning announced its fiscal third quarter results for the period…
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