Hoa Phat reports profit for first nine months

Steel maker Hoa Phat Group (HPG), reported earning post-tax profits of VND1.52 trillion (US$72.38 million) in the first nine months of this year, nearly a two fold increase on the same period last year.

Total revenue in the third quarter alone reached VND4.25 trillion ($202.47 million) and for the nine-month period, revenues amounted to VND12.66 trillion ($603 million).

Hoa Phat expected to pay healthy dividends of 20 per cent this year to shareholders.

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