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MSN - Consumer businesses show strength - Earnings Flash

Company Research

29 Apr 2021

In Q1 2021, revenue advanced 13% YoY while NPAT-MI reached VND187bn (USD8.1mn) vs a loss of VND78bn (USD3.4mn) in Q1 2020. Revenue was lifted by Masan Consumer Holdings (MCH), Masan Meat Life (MML) and the consolidation H.C.Starck (HCS) while VinCommerce’s (VCM) revenue fell due to aggressive closures of underperforming stores in 2020.

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