Masan Group Corporation announced consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported net revenue was VND 9,433 billion against VND 11,007 billion a year ago. EBITDA was VND 2,523 billion against VND 2,616 billion a year ago. NPAT was VND 758 billion against VND 813 billion a year ago.

For the nine months, the company reported net revenue was VND 27,451 billion against VND 30,148 billion a year ago. EBITDA was VND 6,241 billion against VND 6,743 billion a year ago. NPAT was VND 1,213 billion against VND 1,848 billion a year ago.

The company estimates consolidated net revenue to be down approximately 10% versus fiscal year of 2016, due to first half of 2017 performance. However, earnings in fiscal year of 2017 is expected to be flat compared to fiscal year of 2016, supported by solid business fundamentals and a one-time financial gain in fourth quarter 2017 from the sale of some of Masan's Techcombank convertible bonds. Adjusting for MNS, the aforementioned one-time financial gain related to TCB, and normalizing for distributor stock level, Masan's second half of 2017 financial results is expected to deliver both organic revenue and earnings growth compared to second half of 2016. Management forecasts double-digit top and bottom line growth for fiscal year of 2018.