Masan's sales jump 90 percent, profits up 24 percent
Masan Group Corporation on February 2 reported a revenue of 30.6 trillion VND (1.37 billion USD) in 2015, as an increase of 90 percent over the previous year, in HCM City.
Hanoi (VNA)𒐪 – Masan Group Corporation on February 2 reported a revenue of 30.6 trillion VND (1.37 billion USD) in 2015, as an increase of 90 percent over the previous year, in HCM City.
The growth in 2015 was mostly contributed from consumption-related businesses, Masan said, and added that of the whole revenue, Masan Nutri-Science contributed 14 trillion VND (626.9 million USD). In which, the branded food and beverage businesses grew 4.7 percent within the year, supported by the growth of 20.5 percent of Vinacafe and three time bigger growth over 2014 of beer business.
Masan also reported a pro forma EBITDA (earnings before interest, taxes, depreciation and amortisation) ) of 6.687 trillion VND (299.1 million USD) for 2015, up 70.6 percent over the same period last year. The group reported a net profit after tax of 2.527 trillion VND (113.1 million USD) an increase of 24.1 percent over 2014.
According to the group, it made a 1.1 billion USD landmark partnership with Thailand's Singha Group to form a strategic partnership to better serve 250 million consumers in ASEAN with a broader portfolio of branded food and beverage products, in which Singha agreed to invest 1.05 billion USD in Masan Consumer Holdings (MCH) for a 25 percent of stake and another 50 million USD in Masan Brewery for a 33.3 percent of stake.
Overnight, Masan gains access to the Thai market with a strong partner, the first step in the group's greater objective of winning in Inland ASEAN including Vietnam, Thailand, Myanmar, and Cambodia, in addition to Laos, whose consumers share similar tastes and preferences.
Established in 2000 in HCM City as a private enterprise, the group has worked in the food and drinks, banking and mineral mining sectors.-VNA
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A Masan showroom in Hanoi. (Source: newsnet.vn)
