nissinfoods
Strategic Move for Exploring Korean and Overseas Market OpportunitiesCreating Synergies for Instant Noodle and Non-Noodle Businesses HONG KONG, June 3, 2024 - (ACN Newswire) - Nissin Foods Company Limited (“Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) is pleased to announce that the Group, as the purchaser, and the Vendor entered into the Share Purchase Agreement (the “Acquisition”). This agreement relates to the Acquisition of 100% equity interest in Gaemi Food, a manufacturer of crispy roll snacks, which is a top national brand in the domestic crispy roll mar...
ACN Newswire
Gross Profit Margin Increased By 0.8 Percentage Points to 36.0%Net Profit Up 7.3% to HK$117.9 Million HONG KONG, May 13, 2024 - (ACN Newswire) - Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) today announced its unaudited first quarter financial results for the three months ended 31 March 2024 (the “Reporting Period”). The Group recorded revenue of HK$963.0 million for the Reporting Period. Gross profit reached HK$346.6 million and the gross profit margin increased by 0.8 percentage points to 36.0% from 35.2% (resta...
ACN Newswire
HONG KONG, Mar 26, 2024 - (ACN Newswire) - Nissin Foods Company Limited (Nissin Foods or the Company, together with its subsidiaries, the Group; HKG: 1475) has announced its annual results today for the year ended 31 December 2023. The Group recorded revenue at HK$3,833.2 million. Gross profit was HK$1,303.1 million, with gross profit margin increased by 2.0 percentage points to 34.0% in 2023 from 32.0% (restated) in 2022. The increase in gross profit margin was mainly attributable to the price adjustments implemented in both Hong Kong and Mainland China in 2022 to offset the surge in manufact...
ACN Newswire
Supporting Elite Athletes in Pursuing Dual-Career PathsNurturing Health Educators for the Next Generation HONG KONG, Jan 16, 2024 - (ACN Newswire) - Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") held the Presentation Ceremony for Nissin Foods Scholarship for Elite Athletes 2023-2024 today, together with The Education University of Hong Kong ("EdUHK"), to present scholarships covering full tuition fees for seven outstanding elite athletes for the 2023-2024 academic year. Established in 2022 by the Charity Fund and EdUHK, the scholarship is intended to encourage elite athletes taking th...
ACN Newswire
- Empowering Students to Pursue Excellence- Cultivating Food Science Professionals and Future Industry Leaders HONG KONG, Jan 12, 2024 - (ACN Newswire) - Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") has successfully held the 2023-2024 Nissin Foods Scholarship Presentation Ceremony today, together with The Chinese University of Hong Kong ("CUHK"), to award scholarships covering full tuition fees for a total of ten awardees for the 2023-2024 academic year. Established by the Charity Fund and CUHK in 2023, the scholarship aims to encourage undergraduate and postgraduate students of CUHK...
ACN Newswire
Steady Business Performance with Double-Digit Profit Growth HONG KONG, Nov 9, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited third quarter financial results for the nine months ended 30 September 2023 (the "Reporting Period"). The Group recorded revenue of HK$2,956.0 million for the Reporting Period. Gross profit increased by 2.8% to HK$1,005.8 million, and gross profit margin increased by 2.6 percentage points to 34.0% from 31.4% (restated) for the corresponding...
ACN Newswire
Premiumisation Strategy Underpins Profit GrowthStrategising on Diversification Begins to Bear Fruit HONG KONG, Aug 30, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) has announced its unaudited interim results for the six months ended 30 June 2023 ("the reporting period"). The Group recorded revenue of HK$1,929.3 million for the reporting period. Gross profit grew by 1.9% to HK$658.3 million, boosting gross profit margin by 2.7 percentage points to 34.1% in 2023 from 31.4% (restated) in 2022....
ACN Newswire
Making Its Mainland China Distribution Business a Wholly Owned Subsidiary HONG KONG, July 3, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", together with its subsidiaries, the "Group"; Stock code: 1475) completed today the acquisition of 19% equity interest in Hong Kong Eastpeak Limited ("Hong Kong Eastpeak"), which wholly owns Eastpeak Trading (Shanghai) Co., Ltd. ("Shanghai Eastpeak"), making the two companies officially its wholly-owned subsidiaries on 3 July 2023. Shanghai Eastpeak, which carries imported Japanese brand food and beverage products, is the distribution...
ACN Newswire
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