Masan Group Corporation (HOSE: MSN)

Masan Group Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021	Jan 1, 2020
Revenue	81,258,109	78,251,619	76,189,225	88,628,767	77,217,808	37,354,087
Revenue Growth (YoY)	4.03%	2.71%	-14.04%	14.78%	106.72%	-2.18%
Cost of Revenue	57,897,078	56,130,507	55,154,201	66,493,966	59,329,111	26,412,939
Gross Profit	23,361,031	22,121,112	21,035,024	22,134,801	17,888,697	10,941,148
Selling, General & Admin	18,822,382	17,942,357	16,365,853	15,851,307	16,206,983	6,098,303
Operating Expenses	18,822,382	17,942,357	16,365,853	15,851,307	16,206,983	6,098,303
Operating Income	4,538,649	4,178,755	4,669,171	6,283,494	1,681,714	4,842,845
Interest Expense	-7,049,967	-7,422,409	-5,345,947	-5,259,697	-4,008,435	-2,010,975
Interest & Investment Income	2,257,618	1,967,431	878,418	629,639	754,154	285,295
Earnings From Equity Investments	4,625,942	3,895,982	4,339,650	3,896,641	2,640,068	2,182,410
Currency Exchange Gain (Loss)	369,371	-36,570	-287,046	208,162	-47,308	30,402
Other Non Operating Income (Expenses)	-540,059	-121,057	290,939	-33,601	117,604	-331,940
EBT Excluding Unusual Items	4,201,554	2,462,132	4,545,185	5,724,638	1,137,797	4,998,037
Gain (Loss) on Sale of Investments	13,610	-	642,110	5,699,147	-	-
Gain (Loss) on Sale of Assets	-16,442	-16,442	-82,865	-22,327	-154,591	84,493
Legal Settlements	-	-	-	-	-	2,022,560
Other Unusual Items	117,107	117,107	-	-	1,341,633	-
Pretax Income	4,316,006	2,562,974	5,147,150	11,488,784	2,324,839	7,105,090
Income Tax Expense	1,073,404	693,047	392,766	1,387,403	929,826	740,475
Earnings From Continuing Operations	3,242,602	1,869,927	4,754,384	10,101,381	1,395,013	6,364,615
Minority Interest in Earnings	-1,884,488	-1,451,232	-1,187,388	-1,538,499	-161,031	-807,044
Net Income	1,358,114	418,695	3,566,996	8,562,882	1,233,982	5,557,571
Net Income to Common	1,358,114	418,695	3,566,996	8,562,882	1,233,982	5,557,571
Net Income Growth	66.51%	-88.26%	-58.34%	593.92%	-77.80%	13.04%
Shares Outstanding (Basic)	1,466	1,426	1,420	1,414	1,405	1,399
Shares Outstanding (Diluted)	1,466	1,426	1,420	1,414	1,405	1,399
Shares Change (YoY)	2.94%	0.39%	0.48%	0.59%	0.42%	8.19%
EPS (Basic)	926.35	293.62	2511.22	6057.41	878.10	3971.39
EPS (Diluted)	926.35	293.62	2511.22	6057.41	878.10	3971.39
EPS Growth	61.75%	-88.31%	-58.54%	589.83%	-77.89%	4.48%
Free Cash Flow	1,201,955	-1,728,334	-7,954,173	-1,661,514	-2,326,863	941,530
Free Cash Flow Per Share	819.84	-1212.03	-5599.85	-1175.36	-1655.80	672.81
Dividend Per Share	-	-	-	1000.000	-	833.333
Gross Margin	28.75%	28.27%	27.61%	24.97%	23.17%	29.29%
Operating Margin	5.59%	5.34%	6.13%	7.09%	2.18%	12.96%
Profit Margin	1.67%	0.54%	4.68%	9.66%	1.60%	14.88%
Free Cash Flow Margin	1.48%	-2.21%	-10.44%	-1.87%	-3.01%	2.52%
EBITDA	8,574,340	8,186,502	9,075,694	10,915,173	6,265,703	7,591,429
EBITDA Margin	10.55%	10.46%	11.91%	12.32%	8.11%	20.32%
D&A For EBITDA	4,035,691	4,007,747	4,406,523	4,631,679	4,583,989	2,748,584
EBIT	4,538,649	4,178,755	4,669,171	6,283,494	1,681,714	4,842,845
EBIT Margin	5.59%	5.34%	6.13%	7.09%	2.18%	12.96%
Effective Tax Rate	24.87%	27.04%	7.63%	12.08%	40.00%	10.42%
Revenue as Reported	81,258,109	78,251,619	76,189,225	88,628,767	77,217,808	37,354,087
Advertising Expenses	-	4,492,698	2,940,360	3,308,859	3,071,506	2,004,770

Source: S&P Capital IQ. Standard template. Financial Sources.