HONG KONG, Mar 26, 2024 – (ACN Newswire) – Nissin Foods Company Limited (Nissin Foods or the Company, together with its subsidiaries, the Group; HKG: 1475) has announced its annual results today for the year ended 31 December 2023. The Group recorded revenue at HK$3,833.2 million. Gross profit was HK$1,303.1 million, with gross profit margin increased by 2.0 percentage points to 34.0% in 2023 from 32.0% (restated) in 2022. The increase in gross profit margin was mainly attributable to the price adjustments implemented in both Hong Kong and Mainland China in 2022 to offset the surge in manufact…