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VietNamNews

Masan Group posts $93.8m net

Update: February, 11/2012 - 11:17

HCM CITY — Food giant Masan Group (MSN) earned VND1.97 trillion (US$93.8 million) in net profit last year, equivalent to VND2,928 ($0.14) in earnings per share (EPS), the group has reported.

Gross revenue rose by more than 26 per cent year-on-year to VND7.06 trillion ($336.2 million), but financial revenue decreased from VND1.62 trillion ($77.1 million) in 2010 to just over VND1.18 trillion ($56.2 million) last year.

At the end of 2011, Masan and its subsidiary companies had over VND9.57 trillion ($455.9 million) in cash-on-hand, four times more than it had at the beginning of the year thanks to heavy foreign investments.-VNS

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