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21 Feb
11:52

Hoa Sen expects lower output in 2023

Hoa Sen Group, a steel roller and coater in Vietnam, expects to see a decline in steel production and revenue during the 2022-2023 fiscal year, with both domestic sales and export markets facing challenges. The company achieved an after-tax loss of VND 680 billion ($28.7 million) in the first quarter of the fiscal year 2022-2023 (September-December 2022). It was the group's second consecutive quarterly loss after a record VND 887 billion loss in the previous q…
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