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Tag: steelmaker

Retail Asia22/02/2023
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Steelmaker Hoa Sen eyes smallest profit in 10 years

3min0
Steelmaker Hoa Sen Group expects a modest after-tax profit of VND100 billion (US$4.2 million) to VND300 billion this year as a raft of potential pitfalls loom. Whichever figure it achieves will be the lowest in the last 10 years, mainly due to anticipated export difficulties. According to the first scenario envisioned by Hoa Sen, the […]
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Retail Asia28/01/2022
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General

Steelmaker Hoa Phat reports 2.5-fold jump in profits

1min
Vietnam’s biggest steelmaker Hoa Phat Group said post-tax profits were up 2.5 times last year to VND34.52 trillion ($1.52 billion). The company sold 8.8 million tons of steel during the year, a 35 percent increase. It accounted for nearly a third (32.6 percent) of the construction steel market. Exports doubled to 2.6 million tons even […]
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