Hoa Phat reached $925 million of revenue in H1
Wednesday, July 19,2017AsemconnectVietnam - Hoa Phat Group recorded a revenue of over VND21 trillion (US$925 million) and an after-tax profit of VND3.47 trillion in the first half of 2017, a year-on-year increase of 36 per cent and 14 per cent, respectively.
Construction steel and steel pipes continue to be the main contributors to the positive results of Hoa Phat in the six-month review period.
Hoa Phat in H1 produced more than one million tonnes of construction steel, increasing 33 per cent compared to the same period last year and meeting more than half of its annual production plan.The group exported nearly 90,000 tonnes of construction steel and wire drawing steel to the US, Australia, Malaysia, Singapore, Cambodia, Laos and the Philippines.
The sales volume of steel pipe in H1 reached 273,000 tonnes, raising the firm’s market share to 26.57 per cent.
The group is improving production capacity in all factories nationwide to reach an expected capacity of one million tonnes of steel pipe by 2020.
In addition to the revenue from construction steel, other manufacturing industries such as furniture, refrigeration and spare parts continue to maintain the steady growth.
Especially, the agricultural sector--including animal feeds, pigs and high-tech Australian cow raising techniques--also contributed about VND1 trillion to the group’s revenue in the first six months of 2017.
In terms of Hoa Phat Dung Quat iron and steel production complex, up to now, Hoa Phat Dung Quat Steel JSC has completed the negotiation of equipment contract with the supply partners. Danieli Group from Italy assured that the first steel rolling line of the project will be completed and tested in June 2018, and the second steel rolling line is expected to be completed six months later.
When the complex comes into full operation, Hoa Phat expects to supply two million tonnes of high quality construction steel annually to the market.
Source: Bizhub.vn
Eximbank (EIB) target VND5,000 billion profit, up 34% in 2023
Business activities of banks in March 2023
Saigon Newport announced Tan Cang - Long Binh dry port and Organized the Customer Appreciation Conference in Dong Nai
VIB General Meeting of Shareholders: Approved the plan to pay 35% dividend, profit VND12,200 billion
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
2023 Nam A Bank (NAB) Annual General Meeting of Shareholders: List shares and expand overseas branches
Mobile World (MWG) plans to increase its profit slightly to VND4,200 billion in 2023
Masan (MSN) continues to attract foreign capital up to VND15,000 billion
Century Synthetic Fiber Coporation (STK) successfully approached USD52.5 million in syndicated loans
Hoa Sen AGM for the year 2022-2023 (HSG): HSG will be profitable in March, April and May 2023
Fitch Ratings first international credit rating with GAS at “BB”
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...