Nissin Foods Co., Ltd. (HK:1475) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Nissin Foods Co. Ltd. has disclosed its controlling shareholder, Nissin Foods Holdings Co. Ltd.’s, unaudited financial results for Q2 2024, reporting a rise in revenue by 10.8% and a mixed performance in profits, with core operating profit up by 3.2% but overall operating profit down by 4.3% compared to the previous year. Despite economic challenges, the company saw an increase in sales volume for its cup and premium bag-type noodles in China and a growth in exports to North America and Europe. However, profits were affected by a decrease in Chinese government grants and changes in consumer behavior in Hong Kong.
For further insights into HK:1475 stock, check out TipRanks’ Stock Analysis page.