Nissin Foods Posts Higher Q1 Profit on Rising Revenue
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Nissin Foods Co., Ltd. reported a Q1 profit increase, with revenue rising to HK$1.12 billion from HK$1.07 billion year-over-year. Profit attributable to shareholders grew to HK$122.45 million, up from HK$110.03 million, with earnings per share at 11.73 HK cents. The company cautioned investors about relying solely on parent company disclosures and emphasized the importance of its own financial reporting. The latest analyst rating for Nissin Foods (HK:1475) is a Hold with a price target of HK$7.00. The company operates in the food manufacturing sector, focusing on instant noodles and convenience foods.
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