Ajinomoto has posted a jump in sales and profits for the first nine months of the year.
For the period ending 31 December, profits rose thanks to higher sales and gains on divestments.
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Net income rose to JPY80.8bn (US$666.1m) from JPY39.8bn, and was helped by a gain on shares in affiliated companies of JPY24.8bn from the sale of its stake in noodle joint venture Nissin-Ajinomoto.
Operating income increased 49.7% to JPY80.1bn and was “boosted by a large increase in income from overseas seasonings and processed foods,” said Ajinomoto.
Sales increased 23.5% to JPY903.2bn. The gain primarily reflects overseas growth in sales of seasonings and processed foods on a local currency basis and the inclusion of two additional companies: Windsor Quality Holdings acquired in November 2014 and Ajinomoto General Foods, acquired in April 2015.
9M Sales by Division
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