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Masan forecasts net sales of up to VND 50,000 billion

Thursday - 21/02/2019 17:32
Consumer goods contribute the most to Masan's revenue thanks to its high-end product strategy in seasonings, convenience foods ...
Masan Group Joint Stock Company (stock code: MSN) stated that this year's net revenue target fluctuated at VND 45,200-50,000 billion, corresponding to 18-31% growth compared to the previous year. This number can be strongly influenced by many factors such as exchange rate fluctuations, the rate of consumer spending increases, the domestic and world economic situation ...

According to Masan management, the biggest contribution to this year's revenue structure is still from Masan Consumer. Particularly, this company can increase its revenue by 20% thanks to the high-end product strategy for spice, convenience food and beverages ... and expanding the coverage of energy drink distribution channels. The other two subsidiaries, Masan Nutri-science and Masan Resources, also forecast double-digit growth thanks to the recovery in the price of finished products and improved output.

In the event that it is not greatly affected by the risks of consumer speed and disease ... Masan expects net profit attributable to shareholders to reach VND5,000 billion, up 44% from the previous year . With optimistic movements, profit can increase to 58%, reaching about VND 5,500 billion.

Masan's profit growth also comes from the saving of interest expense of about VND 1,000 billion because in the end of 2018, the company paid more debt than VND 12,500 billion. This is part of the BB- credit plan announced by the Fitch Credit Rating Agency within the next 12 months.

Last year, Masan recorded revenue of over VND 38,200 billion in revenue and VND 5,622 billion in after-tax profit. In which, there are nearly 3,500 billion dong of net profit distributed to shareholders. Total debt of the company decreased sharply compared to the beginning of the year, more than VND 22,200 billion.

Author: Translated by CoPhieuViet.Com

Source: Vnexpress newspaper

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