Instant noodle maker Nissin Food Products has announced a fall in sales of 1.0% to 316.97 bn yen (US$2.96bn) in the year ended 31 March 2005, the Kyodo news agency reports.

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Nissin blamed the fall on last year’s unusually hot summer, but said it had stepped up cost reductions to increase profit.


The company  reported a net profit of 16.61bn yen, up 18.2% and a pretax profit of 33.18bn yen, up 29.5%.


For fiscal 2005, Nissin expects a net profit of 17bn yen and a pretax profit of 36bn yen on sales of 328bn yen.

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