MaSan Group Joint Stock Company (code MSN-HOSE) announces the Resolution and Decision of the Board of Directors on the implementation of the ESOP share issuance plan.
Accordingly, the Board of Directors of MSN has just issued a Resolution to implement the plan to issue a maximum of more than 7 million ESOP shares, equivalent to 0.5% of the total number of shares. The target audience for the issuance will be employees, subsidiaries and affiliates with outstanding achievements and special contributions to the growth of Masan Group.
Expected issue price is 10,000 VND/share, 89% lower than MSN's closing price on May 16, which is 90,200 VND/share. The implementation time is this second quarter, after the approval of the State Securities Commission. These shares will be restricted to transfer within 1 year.
Regarding the business results of the first quarter of 2022, Masan's consolidated net revenue reached VND 18,189 billion, slightly down 8.9% compared to VND 19,977 billion in the first quarter of 2021 due to the impact of the discontinuation of feed consolidation. feed. Excluding revenue from the LFL1-based feed segment, net sales grew by 11.9% y/y thanks to double-digit growth at MCH and MHT as well as a slight increase in revenue at WCM .
Specifically: WCM: In the first quarter of 2022, WCM opened 109 new points of sale, showing the strong growth momentum of this retail system. As a result, WCM revenue increased by 0.8% over the same period and by 5.7% compared to Q4/2021. With the plan to open 300 new stores in the second quarter of 2022 and the expectation of revenue growth at existing points of sale, WCM expects revenue in the second quarter of 2022 to increase by 6% compared to the same period in 2021 and is expected to high growth momentum towards the end of 2022.
- MCH: net revenue reached VND 6,448 billion, up 17.4% over the same period with most categories achieving double-digit growth. MCH expects revenue growth in Q2/2022 to reach 30% thanks to the launch of new products as well as the increase in sales of existing products.
- MHT: With a sharp increase in commodity prices and high global demand, MHT achieved net revenue of VND3,930 billion in 1Q2022, up 32.6%, EBITDA reached VND878 billion, up 83.7 % over the same period last year and profit after tax reached 126 billion dong. Commodity prices will continue to be the driving force for revenue growth in the second quarter of 2022, reaching the expected level of over 30% over the same period. Management is researching options to help MHT continue to improve the technological content of finished products, helping to improve profits and increase added value.
Profit after tax (before benefits for non-controlling shareholders) grew by 452.5%, reaching VND 1,895 billion in 1Q2022 compared to VND 343 billion in 1Q2021. Profit after tax for shareholders of the parent company increased by 753.5% in the first quarter of 2022, reaching VND 1,596 billion compared to VND 187 billion in the first quarter of 2021.
In 2022, the company expects net revenue of VND90,000-100,000 billion, growing by 22%-36% compared to VND74.2 trillion (excluding feed revenue) in 2021.
Profit after tax is estimated to be in the range of VND 6,900 – 8,500 billion, an increase of 82% – 124% compared to VND 3.8 trillion in 2021 (after excluding one-time income and contributions from the food segment. livestock in 2021).
In the market, after reaching the highest level of 172,000 VND/share (closed on December 30, 2021), MSN's stock price has decreased to 96,500 VND/share, equivalent to a decrease of nearly 36% in the past 6 months.
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