Nissin warns of steep profit slide but sees solid core business
The instant noodle maker has told investors to brace for a bitter taste in its next set of earnings, with one-off charges taking a big bite out of profits Key…
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…
Weilong defies downbeat consumer market with its cheap spicy snacks
China’s leading maker of snacks typically costing less than $1 reported its revenue jumped 26% in the first half of the year, while its profit rose 39% Key Takeaways: Weilong…
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…
Nongfu Spring makes major new investment amid profit pressures
China’s leading bottled water producer has attracted investor attention for its high profit margins, but also caution over its highly priced shares Key Takeaways: Nongfu Spring will invest 5 billion…
Nissin noodles ladles out new direction with Vietnam asset shuffle
The inventor of instant noodles’ China unit will pay $11.5 million to take over control of the parent company’s Vietnamese subsidiary Key Takeaways: Instant noodle pioneer Nissin’s China unit will…
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’…
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