Masan Group Corporation announced consolidated earnings results for the first quarter of 2016. For the quarter, the company reported net sales of VND 8,769 billion, up 144.6% compared to first quarter 2015 net sales of VND 3,584 billion. EBITDA was VND 1,632 billion compared to VND 930 billion, up 75.5% over the same period last year. Performa net profit after tax was VND 584 billion, up 272.6% compared to first quarter profit of VND 157 billion. Reported net profit after tax, which takes into account VND 190 billion of amortization expenses related to past acquisitions was VND 393 billion in first quarter of 2015 compared to VND 57 billion a year ago.

The group expects net sales in the range of VND 42,000 billion to VND 45,000 billion. Net profit after tax (VAS) is expected in the range of VND 1,900 billion to VND 2,000 billion.