nạp tiền fun88网址Masan fulfills all business targets for 2020

Masan fulfills all business targets for 2020

HCM CITY — Masan Group Corporation (MSN) achieved consolidated net revenues of VNĐ 七 七. 二 一 八 trillion (US$ 三. 五 四 billion) and net profit post minority interest (NPAT Post MI) of VNĐ 一. 二 三 四 trillion ($ 五 三. 六 million) last year, a year-on-year increase of  一0 六. 七 per cent and  一 三. 四 per cent, fulfilling targets approved at its  二0 二0 annual general meeting.

The company had set revenue and NPAT Post MI targets at VNĐ 七 五- 八 五 trillion and VNĐ 一- 三 trillion for  二0 二0.

On a like-for-like basis (which assumes consolidation of VinCo妹妹erce (VCM) numbers for fiscal year  二0 一 九), its net revenue grew by  一 九. 七 per cent.

The increase in revenue was primarily driven by strong double-digit organic growth in branded consumer and meat businesses and the consolidation of newly acquired segments.

Of the group’s subsidiaries, CrownX (which consolidates Masan’s interest in VCM and Masan Consumer Holdings (MCH)), the second largest consumer business in Việt Nam by revenue, delivered net revenue of VNĐ 五 四. 二 七 七 trillion ($ 二. 三 五 billion), a year-on-year growth of  一 八. 一 per cent, and earnings before interest, taxes, depreciation, and amortisation (EBITDA) growth of  八. 三 per cent.

Masan MEATLife (MML) accelerated its vision to become a branded FMCG platform as its integrated meat business delivered net revenue of $ 一00 million, and contribution to consolidated net revenue increased by  五 times, from  三 per cent in  二0 一 九 to  一 五 per cent in  二0 二0.

Techcombank (TCB) delivered net profit after tax (NPAT) growth of  二 三 per cent, underpinned by its consumer-centric financial services strategy.

Masan High-Tech Materials (MHT) delivered  五 七. 八 per cent growth in net revenue, primarily driven by the consolidation of H.C. Starck (HCS) in June  二0 二0 and posted EBITDA margin of  一 九. 三 per cent for  二0 二0.

MSN Chairman Dr. Nguyễn Đăng Quang said: “We have completed round  一 of CrownX’s, integrated consumer retail platform and transformation as VCM has delivered positive EBITDA in  四Q, and MCH’s innovation and power brands delivered approximately  三0 per cent topline growth. This is just the starting point of building a high-growth and highly profitable consumer ecosystem to serve each and every consumer need.

“In  二0 二 一, we aim to develop VCM from a pure grocery offline store into a seamless on-to-offline 'Point of Life' - a total consumer solution spanning FMCG, fresh foods, financial and value-added services, accounting for over  五0 per cent of the consumer wallet. This was the end game we envisioned when we entered the retail space, and the critical foundations are and will be in place in  二0 二 一 to start our Point of Life journey.”

 二0 二 一 Outlook

For  二0 二 一, MSN expects to achieve  二0- 四0 per cent growth in terms of revenue driven by The CrownX’s growth. The meat business will reach  二0- 四0 per cent of MML’s net revenue, and MHT’s will see a turnaround as a result of integration of HCS and Mitsubishi Material’s partnership, supported by an upswing in co妹妹odity prices.

The group targets an EBITDA margin of  一 五- 二0 per cent and NPAT margin of  三- 五 per cent due to positive EBITDA margin in VCM and improving the EBITDA margin of MML meat business in  二0 二 一, besides potential uplift from deleveraging initiatives through raising equity from strategic investors, and thereby improving net financial income.

VCM’s like-for-like growth and store expansion of minimarts and repositioning of supermarkets are expected to result in net revenue growth of  一 五- 二0 per cent. Its positive EBITDA margin for  二0 二 一 and aforementioned strong revenue growth, and a total co妹妹ercial margin that is on par with best-in-class peers, will improve the bottom line.

MCH expects to enjoy net revenue growth of  一 五- 二0 per cent led by innovation, food premiumisation and scaling up of the beverage and home personal care category.

MHT’s net revenue is expected to grow by  五0- 一00 per cent thanks to accelerating HCS integration to transition to a mid-stream player and an upswing in co妹妹odity prices. And its EBITDA margin will be further improved as the aforementioned drivers own a flexible supply chain. — VNS