25
Apr
07:50
Hoa Phat's first quarter revenue drops 39% y-o-y
Vietnamese steelmaker Hoa Phat Group slowly recovered its performance in the first quarter of 2023, with local steel demand continued to be in weak.
In the first quarter of 2023, Hoa Phat Group achieved operating revenue of VND 26.86 trillion ($1.1 billion), a decrease of 39% compared to the same period in 2022. The consolidated after-tax profit of Hoa Phat reached VND 383 billion, only 4.78% of the 2023 plan.
Steel and related product manufacturing are still the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous