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Hoa Phat says H1 profit reaches VND682 billion
Hoa Phat Group Joint Stock Co., Vietnam’s biggest-listed steel producer, had net profit of VND682 billion (US$38.3 million) in the first half, according to a statement on its website Tuesday.
First-half profit was 74 percent of its revised full-year target, the company said in the statement, without giving a year-earlier comparison. On July 7, Hoa Phat raised its full- year profit target by 57 percent to VND920 billion based on its estimated first-half profit of VND650 billion.
The ninth-biggest company on the Ho Chi Minh Stock Exchange sold 166,407 metric tons of steel in the first half, equivalent to 66 percent of its full-year target, it said in a separate statement, also on its website. It didn’t give a comparative figure.
Revenue in the first six months ended June 30 reached almost VND3.7 trillion, equal to 53 percent of its revised target for the year, Hoa Phat said in the first statement, without giving a comparison.
thanhnien, bloomberg
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