MSN - Results beat forecasts thanks to F&B segment - Earnings Flash + AGM Note
  • 2018-04-24T13:21:49
  • Company Research
Q1 2018 results. MSN announced Q1 2018 results including revenue of VND8.3tn (USD364mn, -3% YoY) and NPAT-MI of VND816bn (USD36mn, +244% YoY). The top line was dragged down by a slump in animal feed revenue, which in turn was caused by continued weak pig farming activities amid depressed pig prices.