Consumers choose meat at the fresh meat platform “MeatDeli” of another Masan’s subsidiary Masan MeatLife (MML) (Photo: VNA) Hanoi (VNA) – Retail giant MasanGroup posted an after-tax profit of more than 6.36 trillion VND (274.62 millionUSD) last year, a year-on-year rise of 13.2 percent.
In Q4 2019, Masan Consumer Holdings, thegroup’s retail consumer business, recorded a revenue growth of 15 percentagainst the same period a year earlier and 20 percent quarter-on-quarter,respectively.
Meanwhile, unaudited financial statement showedthat the fresh meat platform “MeatDeli” of another Masan’s subsidiary MasanMeatLife (MML) raked in nearly 330 billion VND in revenue after only one yearsince its establishment.
In December last year, conglomerateVingroup entered into a share swap agreement to merge its retail andagriculture arms with Masan Consumer Holdings to create the country’s biggestretail company.
Vingroup will swap all shares in itsretail’s arm VinCommerce into shares of the post-merger company. Masan Groupwill operate the new company, while Vingroup will be a shareholder.
The new company will own a distributionnetwork of 2,800 VinMart+ stores, along with a system of 14 high-tech farms ofVinEco.
In 2020, Masan Group is set to make a listof its high quality products and beverages and work to enhance the meat sectorwhich is hoped to account for 20-25 percent of MML’s net revenue.
It will also devise a roadmap to bolsterrevenue of VinCommerce and digitalise its retail platforms./.
In Q4 2019, Masan Consumer Holdings, thegroup’s retail consumer business, recorded a revenue growth of 15 percentagainst the same period a year earlier and 20 percent quarter-on-quarter,respectively.
Meanwhile, unaudited financial statement showedthat the fresh meat platform “MeatDeli” of another Masan’s subsidiary MasanMeatLife (MML) raked in nearly 330 billion VND in revenue after only one yearsince its establishment.
In December last year, conglomerateVingroup entered into a share swap agreement to merge its retail andagriculture arms with Masan Consumer Holdings to create the country’s biggestretail company.
Vingroup will swap all shares in itsretail’s arm VinCommerce into shares of the post-merger company. Masan Groupwill operate the new company, while Vingroup will be a shareholder.
The new company will own a distributionnetwork of 2,800 VinMart+ stores, along with a system of 14 high-tech farms ofVinEco.
In 2020, Masan Group is set to make a listof its high quality products and beverages and work to enhance the meat sectorwhich is hoped to account for 20-25 percent of MML’s net revenue.
It will also devise a roadmap to bolsterrevenue of VinCommerce and digitalise its retail platforms./.
VNA
