MSN announced Vietnam’s fifth largest private enterprise
MSN announced Vietnam’s fifth largest private enterprise
Masan Group, one of the three largest private sector firms in Vietnam in terms of market capitalisation, was officially ranked as the fifth on Vietnam’s Top 500 Largest Private Enterprises List (VNR500), as recently announced by Vietnam Report.
Earlier, in 2017, Vietnam Report hand-picked Masan Group for the seventh place among Vietnam’s Top 500 Most Profitable Companies, while Masan Consumer scored second in the Top Ten Food and Beverage Companies.
Additionally, Masan Consumer subsidiary Vinacafe was listed among the Top 10 Food Companies and Quang Ninh Mineral Water was named among the Top 10 Beverage Companies in 2017.
Speaking about the recent accomplishment, the group’s representative noted, “This achievement once again reaffirms Masan Group’s objectives and vision, which is to become the pride of the country by creating a winning business in the private sector, to become a leader in business scale, consolidated revenue, and profitability for shareholders, as well as to be recognised as one of Vietnam’s leading companies with the most talented leaders.”
To date, the Ho Chi Minh-headquartered group was reported to have a consolidated net revenue of VND27.451 trillion ($1.21 billion) and a consolidated net profit after deducting non-controlling interest (NCI) of VND1.213 trillion ($53.4 million).
Moreover, Masan Consumer’s turnaround in net revenue has been supported by stabilised margins and the wrap-up of destocking initiatives in the field of food and beverages (F&B), where Masan has witnessed a lively recovery in sales growth across its key products, including instant noodles, energy drinks, processed meat, and beer.
Over the first nine months of 2017, Masan Resources saw immense development in net revenue, which partially resulted from the sudden rise in demand for oil and industrial raw materials. Similarly, over the first three quarters, Masan Nutri-Science—the group’s animal feed business—obtained impressive profitability despite the pig livestock crisis due to cost cutting and brand building initiatives.
Previously in April, New York-based investment firm KKR poured a total $250 million into Masan Group and its branded meat platform, following their initial $359-million investment in Masan Consumer. The two investments made KKR the second largest foreign shareholder of Masan Group, following the funds owned by the Government of Singapore (GIC).
