Masan net profits top $152.5 million in 2022

January 31, 2023

Net profit after tax post minority interest (NPAT Post-MI) declined by 58.3 per cent to nearly VNĐ3.6 trillion ($152.5 million) due to the deconsolidation in 2021 and lower earnings by Masan MEATLife and Masan High-Tech Materials. The CrownX, Masan’s integrated consumer-retail platform that consolidates WinCommerce and Masan Consumer Holdings, reported revenues of VNĐ56.2 trillion ($2.3 billion), down 3.1 per cent. Masan Consumer Holdings achieved VNĐ28.1 trillion in net revenues and VNĐ6.56 trillion in earnings before interest, taxes, depreciation, and amortisation (EBITDA), a decrease of 2.3 per cent and 4.1 per cent. Masan High-Tech Materials delivered net revenues of VNĐ15.5 trillion, up 14.6 per cent up from 2021 due to higher APT prices. The CrownX is expected to remain the key driver of revenue growth and contribute more than 70 per cent to net revenues.

The source of this news is from Vietnam News