The company ended the same period with a 20.3% EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) margin.
The IFS Food Standard is recognized internationally by the Global Food Safety Initiative (GFSI).
The instant noodle brand seeks to enhance young people’s understanding of hygiene and safety in food manufacturing.
The chairman or CEO is also empowered to represent the company in legal matters and dealings with third parties.
Revenue surged by 61% to NN294.885 billion (US$183M), compared to N183.484 billion (US$114M) in Q1 2024.