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Monde Nissin says profits likely up 25%

MONDE Nissin Corp. said Wednesday that consolidated core net income likely grew by more than 25 percent in 2024 based on updated fourth-quarter guidance and preliminary full-year results.

'We expect consolidated core net income to increase by over 25 percent for 2024, with consolidated core net margin expanding by more than 200 bps (basis points) compared to the same period last year,' Monde Nissin told the stock exchange.