JAPAN: Nissin prepared to "fight on world stage"
- FY sales up 9.1% to JPY417.6bn (US$4.1bn)
- Operating income up 15.7% to JPY27.7bn
- Net profit up 2.2% to JPY19.27bn
Nissin investing in overseas expansion
Japanese food group Nissin has said that initiatives enabling it to "fight on the world stage" and expand in high-growth emerging markets contributed to top line gains during fiscal 2013.
The company saw a 9.1% increase in sales during the 12 months to 26 March. Operating income was up 15.7% to JPY27.7bn. Net profit rose 2.2%.
The Japanese noodle maker said that it benefited from continued economic recovery at home, where it has focused on marketing and innovation to strengthen its brands.
Nissin is also driving expansion in emerging markets, where it is fostering demand growth for instant noodles. Over the past year, the group has established a local subsidiary in North Africa, opened production facilities in Kenya and India, as well as forming a joint venture with local partner Yildiz in Turkey.
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