Nissin Foods Announces 2021 Annual Results, Financial Performance Exceeds High 2020 Baseline
HONG KONG, Mar 22, 2022 - (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 2021. Results Highlights-- Revenue increased mainly resulted from high sales volume growth of "Cup Noodles" in Mainland China and an increase in revenue from the diversified portfolio in Hong Kong. -- To celebrate Nissin Foods' 5th listing anniversary in the Stock Exchange of Hong Kong and the 50th birthday of "Cup Noodles", the Board has recommended a final dividend of 14.56 HK cents per share and a special dividend of 2.91 HK cents per share, totalling 17.47 HK cents per share. -- In face of the rising cost pressure from the soaring price of raw materials and logistics, the Group increased the ex-factory price of its key instant noodle products by a mid-single-digit percentage point on average in Mainland China from 1 March 2022. Similarly in Hong Kong, the ex-factory price of certain bag-type and container-type instant noodles will be increased by mid-to-high single-digit percentages from 1 April 2022. Revenue of the Group inc...
