Nissin Foods (HKG:1475) Second Quarter 2024 Results
Key Financial Results
- Revenue: HK$859.5m (down 5.0% from 2Q 2023).
- Net income: HK$51.5m (down 16% from 2Q 2023).
- Profit margin: 6.0% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: HK$0.049 (down from HK$0.059 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nissin Foods Earnings Insights
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Food industry in Hong Kong.
Performance of the Hong Kong Food industry.
The company's shares are up 6.0% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Nissin Foods that you should be aware of before investing here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.