Nocera announced that its flagship bento box store located in Nangang District of Taipei City officially opened. Nocera estimates that its food products business-to-consumer model may increase its profit margins by up to 200%. The two signature dishes, grilled eel rice bowl and super value bento box, made an instant hit around Nangang Software Park. Nangang Software Park contains around 400 companies with more than 25,000 people. Nocera forecasted its B2C model, which includes the operation of the flagship bento box store, will create approximately $3 – $6 million of revenue while increasing the profit margin upwards of 200% in 2023. Prior to December 2022, Nocera focused on fish product trading from a business-to-business model with much higher revenue but a lower profit margin.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NCRA:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue