Hanoi (VNA) - The Masan Group Corporation (MSN) plans to earn92 trillion - 102 trillion VND (3.99 billion - 4.42 billion USD) in net revenuethis year, a year-on-year increase of 19-32 percent, heard a conference on April.
The corporation also aims for 2.5 trillion - 4 trillion VND in netprofit after tax post minority interest (NPAT Post MI), up 103 percent - 224percent against 2020, the shareholders’ meeting of MSN and its two subsidies - MasanConsumer Holdings (MCH) and Masan Meatlife (MML) - in Sapa town in northern LaoCai province was told.
Masan’s five-year plan is to develop a winning model to serve 30-50million consumers and unlock significant value for its consumer value chain,Chairman Nguyen Quang Dang told the meeting.
This means consumers will pay 5-10 percent less for essential goodswhile manufacturers, agricultural producers, and retail franchisees will make 5-10percent more profit compared to present, he said.
Meanwhile, Masan Group CEO Danny Le introduced a strategic roadmap tobuild “Point of Life” (POL), a one-stop-shop that provides essential goods andservices online. The platform is expected to serve 30-50 million consumers.
Masan established The CrownX last year, a leading integratedconsumer-retail platform that consolidates Masan’s interests in MCH andVinCommerce.
The second-largest consumer business in Vietnam by revenue, The CrownX targetsgenerating 8 billion USD in net revenue by 2025 and earning 10 percent of itsrevenue online, CEO Truong Cong Thang said.
MSN posted consolidated net revenue of 77.21 trillion VND and NPAT PostMI of 1.234 trillion VND in 2020, year-on-year increases of 106.7 percent and13.4 percent, respectively./.
The corporation also aims for 2.5 trillion - 4 trillion VND in netprofit after tax post minority interest (NPAT Post MI), up 103 percent - 224percent against 2020, the shareholders’ meeting of MSN and its two subsidies - MasanConsumer Holdings (MCH) and Masan Meatlife (MML) - in Sapa town in northern LaoCai province was told.
Masan’s five-year plan is to develop a winning model to serve 30-50million consumers and unlock significant value for its consumer value chain,Chairman Nguyen Quang Dang told the meeting.
This means consumers will pay 5-10 percent less for essential goodswhile manufacturers, agricultural producers, and retail franchisees will make 5-10percent more profit compared to present, he said.
Meanwhile, Masan Group CEO Danny Le introduced a strategic roadmap tobuild “Point of Life” (POL), a one-stop-shop that provides essential goods andservices online. The platform is expected to serve 30-50 million consumers.
Masan established The CrownX last year, a leading integratedconsumer-retail platform that consolidates Masan’s interests in MCH andVinCommerce.
The second-largest consumer business in Vietnam by revenue, The CrownX targetsgenerating 8 billion USD in net revenue by 2025 and earning 10 percent of itsrevenue online, CEO Truong Cong Thang said.
MSN posted consolidated net revenue of 77.21 trillion VND and NPAT PostMI of 1.234 trillion VND in 2020, year-on-year increases of 106.7 percent and13.4 percent, respectively./.
VNA
