Phuc Long Brings Masan 1,579 Billion in Revenue in 2022

Masan Group has just release its Consolidate Financial Statements for 2022. Accordingly, after excluding revenue from the animal fee segment in 2021 for equivalent comparison (due to the transfer of this business segment), revenue Masan’s net revenue in 2022 reache VND76,189 billion , up 2.6% from VND74,224 billion in 2021. On a reporte basis, revenue fell 14.0% in 2022 and 13.4% in Q4 2022.

In 2022, NPAT after benefits to non-controlling shareholders (“NPAT Post-MI”) decrease by 58.3% to VND3,567 billion on a reported basis, mainly due to the one-time income from the transfer of shares. fee segment in Q4 2021 and NPAT in 2022 of MML (Masan MeatLife) and MHT (Masan Hightech Materials) were lower.

On a Comparable Basis Ebitda in 2022 Reached

To the same period last year.  Margin in 2022 reache 18.9% compare to 19.7% in 2021 while revenue was flat. On a reporting basis, 2022 consolidate decrease by 11.8% in 2022 and 28.1% in Q4/2022.

The 2022 consolidated report also said that Masan’s Cash and cash equivalents category currently reache VND 17,512 billion at the end of 2022, lower Food Kindred Products Manufacturers Email List than VND 22,638 billion at the end of 2021, due to the purchase of shares of PLH and Nyobolt. Net debt at the end of the period in 2022 was recorde at VND 53,481 billion , up from VND 35,540 billion at
the end of 2021, due to a decrease in cash.

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Phuc Long is Profitable Thanks to Its Flagship Store

Masan Group said that in 2022, Phuc Long Heritage (Phuc Long) has opene 44 flagship stores, creating momentum to accelerate scale expansion in 2023. Despite get CMB Directory to being the first year to open a series of stores, 44 stores Phuc Long’s new flagship has delivere a store-level margin of 26% in 2022.

In 2022, Phuc Long achieve VND 1,579 billion in revenue and VND 195 billion in profit before tax , interest and depreciation. In which, most of the results came from effective flagship stores, with revenue of VND 1,153 billion and VND 332 billion.

However, Phuc Long also closd inefficient kiosks. Closing the kiosks cost Phuc Long VND 42 billion.

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