Industry News

Steel maker Hòa Phát Group records 30-year highest quarterly profit

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Update time : 2020-07-27 11:31:30
A Hòa Phát facility in Hải Dương Province. In the first half of this year, the group provided 1.51 million tonnes of construction steel and high-quality rolled steel to the domestic and foreign markets. — VNA/VNS Photo Danh Lam

 HÀ NỘI — Hòa Phát Group (HPG), the largest steel maker in the country, reported its highest quarterly post-tax profit for 30 years of VNĐ2.75 trillion in the second quarter of this year, up 34 per cent year-on-year.

The company earned revenue of VNĐ20.7 trillion in the quarter, up 35 per cent year-on-year.

In the first six months, HPG achieved revenue of VNĐ40.14 trillion, post-tax profit of VNĐ5.1 trillion, up by 29 per cent and 31 per cent year-on-year, respectively.

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