Capital, Earnings & M&A
Master Kong Instant Noodles Sold 11 Billion in Half a Year: Is It Due to Slowing Food Delivery Growth or 'Consumption Downgrade'?
Master Kong Holdings recently released its 2018 interim results, with revenue of RMB 30.996 billion, up 8.5% year-on-year, and profit attributable to shareholders of RMB 1.306 billion, up 86.59%. The instant noodle business continued to recover, driven by high-priced noodles, amid a slowing food delivery market and discussions of 'consumption downgrade'.
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