JAPAN: Nissin Food sees full year profit drop
Tokyo-based instant noodle maker Nissin Food Products Co unveiled poor fiscal results yesterday [Thursday] for the full year ended 31 March, but insisted that things were looking up for 2002. Net profit dropped for the fourth consecutive year in 2001, falling 21.5% to ¥11.9bn (US$93.21m) year on year, despite a 2.5% rise in group sales to ¥308.4bn. On an operating basis, profits fell 9% to ¥24.8bn.
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