Nissin Foods Announces 2024 Annual Results
Highlights- While revenue dipped 5.5% in the first half, it remained nearly flat year-on-year, with a notable 4.6% growth in the second half, primarily driven by a strong focus on noodle sales.- Recognition of one-off non-cash impairment-related charges of HK$135.9 million reflects the Company’s proactive approach to managing financial risks. Adjusted EBITDA grew to HK$612.5 million year-on-year.- Completed the acquisition of Gaemi Food in Korea and ABC Pastry in Australia to capitalize on reshaped global supply chains and consumption patterns.- Proposed a final dividend of 9.63 HK cents and a special dividend of 6.19 HK cents per share, totalling 15.82 HK cents per share, subject to shareholder approval.HONG KONG, Mar 26, 2025 – (ACN Newswire via SeaPRwire.com) – Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) has announced its annual results today for the year ended 31 December 2024.The Group recorded revenue at HK$3,811.9 million…