Masan Group (MSN) Q4 2023 earnings summary

Executive summary

• FY23 net sales rose to VND78,251,619 million from VND76,189,225 million, while net profit after tax fell to VND1,869,927 million from VND4,754,384 million.

• Q4 net sales were VND20,781,920 million versus VND20,642,781 million; Q4 net profit after tax was VND516,776 million versus VND803,554 million.

Financial highlights

• FY23 gross profit increased to VND22,121,112 million from VND21,035,024 million; operating profit was VND3,750,002 million versus VND3,854,314 million.

• FY23 profit before tax declined to VND2,562,974 million from VND5,147,150 million; net profit attributable to equity holders was VND418,695 million versus VND3,566,996 million.

• FY23 financial expenses rose to VND8,129,513 million from VND6,361,642 million, including interest expenses of VND6,946,060 million versus VND4,847,702 million.

• FY23 share of profit in associates was VND3,895,982 million, down from VND4,339,650 million.

Segment performance

• Branded consumer products external revenue was VND27,500,834 million versus VND26,819,469 million; MEATLife revenue was VND1,284,020 million versus VND1,982,731 million.

• High-tech materials external revenue was VND5,001,712 million versus VND3,004,511 million; consumer retail revenue was VND14,093,253 million versus VND15,549,548 million.

• Others external revenue was VND29,894,724 million versus VND29,237,912 million; total external revenue was VND78,251,619 million versus VND76,189,225 million.