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Monday, June 17, 2024

Hoa Phat posts record-high quarterly revenue

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The main steelmaker Hoa Phat Group posted its highest ever quarterly revenue within the second quarter at VND9.7 trillion ($423 million), tripling year-on-year.

Within the first six months, revenue additionally tripled year-on-year to VND16.7 trillion, whereas income surged 67 % to almost VND66.9 trillion.

The corporate remodeled 4 million tons of uncooked metal within the first half, up 55 % year-on-year.

Hoa Phat said it managed to “maintain costs decrease than international charges” although materials costs shot up within the first half.

In husbandry, the corporate maintained its place as having the biggest Australian cow herd within the nation and eyes a herd of 450,000 this 12 months.

The corporate additionally supplied around 730,000 eggs to the market every day.

Its HPG ticker has risen 55 % in these 12 months.

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Rachel Ha
Industrial and agricultural product enthusiast. Expert on Vietnam economy. Focus on FTA agreements between Vietnam and other countries.
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