Masan Group (MSN) Q2 2024 earnings summary

Executive summary

• Q2 2024 net sales were VND20,134,396 million and net profit after tax was VND945,962 million, versus VND18,608,561 million and VND429,187 million in Q2 2023.

• H1 net sales reached VND38,989,294 million; net profit after tax was VND1,424,813 million, compared with VND37,314,788 million and VND868,638 million in H1 2023.

Financial highlights

• H1 gross profit was VND11,172,588 million versus VND10,413,644 million; net operating profit was VND1,800,296 million versus VND1,014,376 million.

• H1 financial expenses were VND3,951,100 million versus VND4,128,708 million; interest expense was VND3,170,920 million versus VND3,532,525 million.

• H1 net profit attributable to equity holders was VND606,933 million versus VND320,209 million; non-controlling interests received VND817,880 million versus VND548,429 million.

• Operating cash flow was VND2,514,284 million in H1 versus VND574,968 million; cash and cash equivalents closed at VND18,158,242 million, up from VND10,124,515 million at year-end 2023.

Segment performance

• H1 branded consumer products external revenue was VND13,264,439 million versus VND12,223,479 million; consumer retail revenue was VND15,726,901 million versus VND14,483,309 million.

• H1 high-tech materials external revenue was VND6,741,629 million versus VND7,315,311 million; MEATLife revenue was VND2,348,863 million versus VND2,452,965 million.

• H1 Others external revenue was VND907,462 million versus VND839,724 million; total external segment revenue was VND38,989,294 million versus VND37,314,788 million.