Masan MEATLife, a subsidiary of Masan Group, has set itself an ambitious medium-term revenue target from branded chilled meat products of US$1 billion and for it to account for 50 per cent of total revenues.
The Masan Group Corporation (Masan), which saw an increase of more than 57 per cent in profit last year, has set a target of double-digit growth for 2019.
Masan Group Corporation’s core net profit after tax post-minority interest (NPAT Post - MI) was worth VND2.307 trillion (US$98.88 million) in the first nine months of the year, up 90.2 per cent from the same period last year.
Masan Nutri-Science Corporation (MNS), a member of the Masan Group Corp, has named Matthys van der Lely as managing director of its meat business beginning May 7.
Twenty breeding cows valued at VND500million (US$22,000) were donated to poor households living in the Cuu Long (Mekong) Delta province of Long An at an event held on Wednesday (May 3) in the province.
Global investment firm KKR, through its Asian Fund II, has reached an agreement to invest US$250 million in Masan Group Corporation and its branded meat platform Masan Nutri-Science.
Masan Group Corporation (MSN) posted better revenue and profits but
decided not to pay dividends for 2015 at the annual general shareholder
meeting in HCM City yesterday.
Masan Group Corporation yesterday reported a revenue of VND30.6
trillion (US$1.37 billion) in 2015, as an increase of 90 per cent over
the previous year, in HCM City.