Masan 's after-tax profit after minority shareholder allocation reached VND 691 billion in Q4 2024 and VND 1,999 billion in 2024, representing increases of 1,282% and 377.5% respectively compared to the same period last year. This result was driven by strong profit growth across the retail consumer business segment, a VND 365 billion improvement due to reduced net interest expenses, and a one-time profit of VND 89 billion from the sale of HCS. This positive result helped offset one-time costs from the MHT transformation process and profits from wholesale discounts on animal feed from the MML farm business segment.
Consumers shop for Masan Consumer products. PHOTO: MS
In addition, MSN also recorded VND 100 billion in charitable expenses and a VND 288 billion decrease in profit due to TCB recording a one-time expense upon terminating its contract with Manulife. The growth momentum of core business activities since the beginning of the year has given management confidence in Masan's transformation into a retail consumer platform. Masan's Q4 2024 profit recorded strong growth, nearly 14 times higher than the same period last year, reaching VND 691 billion. Full-year 2024 profit reached 200% of the base scenario plan.
In Q4 2024 and for the whole year of 2024, Masan Group's net revenue reached VND 22,666 billion and VND 83,178 billion respectively. Contributing to these positive revenue figures was the sustained growth of its core retail consumer business and MHT's completed contractual obligations to its partners, helping to offset Masan MEATLife's (MML) strategic direction in restructuring its farm-raised chicken segment.
The earnings before interest, taxes, and depreciation (EBITDA) index reached VND 4,580 billion and VND 15,921 billion in Q4 2024 and 2024, respectively, representing increases of 44.6% and 19.3% compared to the same period last year. This significant increase was driven by positive profit growth across all retail business segments.
In Q4 2024 and the whole year of 2024, Masan Group's net revenue reached VND 22,666 billion and VND 83,178 billion respectively. Contributing to these positive revenue figures was the sustained growth of its core retail consumer business and MHT's completed contractual obligations to its partners, helping to offset Masan MEATLife's (MML) strategic direction in restructuring its farm-raised chicken segment.
Masan projects consolidated net revenue in 2025 to be between VND 80,000 billion and VND 85,500 billion, representing year-on-year growth (LFL) of 7% to 14% (after adjustment for the separation of HCS). In 2025, total consolidated revenue, excluding MHT, is projected to be between VND 74,013 billion and VND 78,013 billion, representing year-on-year growth of 8% to 14%. Net profit before minority shareholder allocation (NPAT Pre-MI) is projected to reach between VND 4,875 billion and VND 6,500 billion, representing strong growth of 14% to 52% compared to VND 4,272 billion in 2024.
Source: https://thanhnien.vn/masan-chot-nam-2024-thang-lon-loi-nhuan-tang-gap-gan-4-lan-185250124093030668.htm
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