Industry News

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

Views : 185
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.

Related News
Read More >>
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Nov .14.2024
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13 Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Nov .14.2024
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nov .14.2024
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Nov .14.2024
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry