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Earnings | Nissin Foods Earned 65% More Last Year, Dividend 15.88 Cents
Nissin Foods (01475) announced that for the full year ending last year, attributable profit to shareholders was HKD 331 million, a year-on-year increase of 64.89%. Basic earnings per share were HKD 0.3176, with a final dividend of HKD 0.1588.
During the period, revenue was HKD 4.001 billion, up 4.96% year-on-year, driven by continuous growth in the core instant noodle business, improved consumer sentiment in Mainland China, and increased demand in overseas markets.
Among them, revenue from Hong Kong and other regions increased by 7.7% to HKD 1.659 billion, mainly due to steady performance of the instant noodle business in Hong Kong and increased demand in other regions. Currently, revenue from Hong Kong and other regions accounts for 41.5% of the group’s total revenue, up 1.1 percentage points year-on-year.
During the period, gross profit margin increased by 0.2 percentage points to 34.6%, thanks to a more favorable sales mix and continued implementation of cost-efficiency measures by the group, effectively alleviating cost pressures and driving profit margin improvement.