27
Jul
06:52
Hoa Phat’s H1 profits worsen on lower sales
Vietnam’s leading steelmaker Hoa Phat Group has seen its profits impacted by lower sales caused by sluggish demand in the second quarter, which in turn dragged the year-on-year growth of profit after tax in the first half into negative territory, Kallanish observes.
In Q2, Hoa Phat achieved a revenue of VND 37.71 trillion ($1.61 billion), down 15% quarter-on-quarter but up 6.5% year-on-year. Quarterly profit after tax, meanwhile, halved from Q1 to VND 4…
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Anonymous
Very good overview of the weekly steel market.
Anonymous