Thursday, 21/08/2008 16:46

Hoa Phat Group sees good growth

Hoa Phat Group made an after-tax profit of 986 billion VND (59.7 million USD) in the first seven months of this year, which is 34 percent more than its an annual target. The group also posted a gross revenue of 5.75 trillion VND (348.24 million USD) in the period, generating 75 percent of its annual target.

The group is completing work on the Hoa Phat complex, which is expected to start producing cast iron by the second quarter of 2009. The company hopes the complex will contribute 6.5 trillion VND to its total revenue.

VNA

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