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Nissin Foods Delivers Stable 2021 Q1 Financial Results

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). ....

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CUPNOODLES MUSEUM HONG KONG BY NISSIN FOODS SET FOR LAUNCH

CUPNOODLES MUSEUM HONG KONG BY NISSIN FOODS SET FOR LAUNCH
Immersing visitors into the innovation journey of Momofuku Ando that changed the food culture of the world
HONG KONG, Mar 05, 2021 - (ACN Newswire) - Today marks the 111th birthday of Momofuku Ando, the Father of Instant Ramen and Founder of Nissin Foods. To celebrate this jubilant day, Nissin Foods is pleased to announce some great news that will excite all travel fans and Japan enthusiasts in particular. CUPNOODLES MUSUEM, one of Japan s flagship travel destinations, is setting for launch in Hong Kong soon at China Hong Kong City, Tsim Sha Tsui. ....

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