HPG: Explanation for business result in Quarter 1, 2015

Hoa Phat Group Joint Stock Company explained the fluctuation in business result between Quarter 1/2015 and Quarter 1/2014 as follows:

-         Profit after tax in Quarter 1/2015 was VND650 billion, fulfilling 71.4% compared to in Quarter 1/2014 (VND910 billion) because in Quarter 1, 2014, the company recorded revenue from Mandarin Garden project, in Quarter 1, 2015 revenue from this project was very low. Although, the difficult from steel market but Hoa Phat’s steel in the steel market was high.

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