Nissin Foods Delivers Stable 2021 Q1 Financial Results Revenue Expands to HK$964.5 million Achieves 19.5% Revenue Growth in the PRC HONG KONG, May 11, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited 2021 first quarter financial information for the three months ended 31 March 2021 ("the Reporting Period"). The Group's revenue amounted to HK$964.5 million, representing a year-on-year ("YoY") increase of 9.0% from HK$884.6 million. Gross profit increased by 9.1% YoY to HK$309.9 million (2020: HK$284.2 million), while gross profit margin was maintained at 32.1%, due mainly to the increase in sales in the PRC which offsetted the increase in price of raw materials and other production costs. Profit attributable to owners of the Company was HK$93.2 million (2020: HK$99.0 million).