Masan Group (MSN) Q1 2024 earnings summary

Executive summary

• Q1 net sales were VND18,854,898 million; net profit after tax was VND478,851 million, while profit attributable to equity holders was VND104,356 million.

• Cash and cash equivalents fell to VND8,492,733 million at 31 March 2024 from VND10,124,515 million at 1 January 2024.

Financial highlights

• Net sales were VND18,854,898 million vs VND18,706,227 million YoY; gross profit was VND5,254,838 million vs VND5,086,167 million.

• Net operating profit was VND971,437 million vs VND860,239 million; net profit before tax was VND633,663 million vs VND581,345 million.

• Net profit after tax was VND478,851 million vs VND439,451 million; profit attributable to equity holders was VND104,356 million vs VND214,915 million.

• Financial expenses were VND1,899,341 million vs VND1,989,427 million; interest expenses were VND1,621,898 million vs VND1,746,572 million.

Segment performance

• Branded consumer products external revenue was VND6,161,436 million vs VND5,927,121 million YoY; consumer retail revenue was VND7,927,335 million vs VND7,311,898 million.

• MEATLife external revenue was VND1,254,966 million vs VND1,207,563 million; high-tech materials revenue was VND3,089,470 million vs VND3,786,502 million.

• Others segment external revenue was VND469,094 million vs VND512,016 million.