HPG: Business Result in the first 6 months 2009

Hoa Phat Group Joint Stock Company discloses business results in the first half of 2009 as follows:

- Accumulation for the first 6 months 2009:

+ Sales: VND3,675 billion, reaching 53% of plan

+ Profit after tax: VND682 billion, reaching 74% of plan (the plan was adjusted)

Following the results in the first six months, the group believes in accomplishing and exceeding the plan of VND920-billion profit after tax in 2009.    

At present, Hoa Phat Group’s factories are operating to full capacity, especially construction steel, refrigeration electric, interior, construction machine factories in order to meet increasing demand.

With two new subsidiaries: An Thong Mineral Investment Joint Stock Company (especially in exploiting and processing iron ore) and Hoa Phat Energy Joint Stock Company (especially in producing coke coal), Hoa Phat Group can ensure materials stably for Iron Steel Factory with capacity of 1 million tons per year.  

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