Home Companies

Hoa Phat (HPG) posts record-high quarterly profit

Jul 31st at 13:09
31-07-2021 13:09:48+07:00

Hoa Phat (HPG) posts record-high quarterly profit

Leading steelmaker Hoa Phat Group posted its highest ever quarterly profit in the second quarter at VND9.7 trillion ($423 million), tripling year-on-year.
A steel product of Hoa Phat Group. Photo courtesy of Hoa Phat Group.

In the first six months, profit also tripled year-on-year to VND16.7 trillion, while revenue surged 67 percent to nearly VND66.9 trillion.

The company made over four million tons of raw steel in the first half, up 55 percent year-on-year.

Hoa Phat stated it managed to "keep prices lower than global rates" even though material prices shot up in the first half.

In husbandry, the company maintained its place as having the largest Australian cow herd in the country and eyes a herd of 450,000 this year.

The company also provided around 730,000 eggs to the market each day.

Its HPG ticker has risen 55 percent this year.

Vnexpress

RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Brewer Sabeco (SAB) profits up 6 pct
COMPANIES Jul 31st at 13:08

Brewer Sabeco (SAB) profits up 6 pct

Vietnam’s largest brewer Sabeco posted after-tax profits of VND2.057 trillion ($89.43 million) in the first half of this year, a year-on-year rise of 6 percent.

Steel producers (TLH) record big profits on high prices
COMPANIES Jul 31st at 12:46

Steel producers (TLH) record big profits on high prices

Steel producers continued to post great results in the second quarter of this year, supported by high steel prices.

Mobile World (MWG) reports 26 pct profit growth
COMPANIES Jul 30th at 09:29

Mobile World (MWG) reports 26 pct profit growth

Electronics retailer Mobile World has reported net profits of VND2.552 trillion ($110.9 million) for the first half of the year, a 26 percent year-on-year increase.

Digiworld (DWG) records significant growth in profit, boosted by mobile phone sales
COMPANIES Jul 30th at 09:28

Digiworld (DWG) records significant growth in profit, boosted by mobile phone sales

Digiworld Corporation (DGW) has released its financial statement for the second quarter of 2021 with outstanding performance.

Hoa Phat (HPG) to expand production, draw further ahead of Southeast Asian rivals
COMPANIES Jul 29th at 10:27

Hoa Phat (HPG) to expand production, draw further ahead of Southeast Asian rivals

After emerging as Southeast Asia's largest steelmaker this year, Hoa Phat Group aims to solidify its position by breaking ground for a $3.7-billion blast furnace...

SSI gets $100 million unsecured loan from Taiwanese banks
COMPANIES Jul 28th at 08:56

SSI gets $100 million unsecured loan from Taiwanese banks

 SSI Securities Corporation has signed a contract for an unsecured loan worth US$100 million with some of Taiwan's leading banks led by Union Bank of Taiwan and...

Vietnamese rubber producers (DPR) benefit from higher prices in Q2
COMPANIES Jul 28th at 08:52

Vietnamese rubber producers (DPR) benefit from higher prices in Q2

Many Vietnamese rubber companies recorded outstanding growth in revenue and profit in the second quarter due to higher rubber prices. Analysts expect that rubber...

Saigonbank to sell nearly 8.3 million BVB shares
COMPANIES Jul 27th at 13:29

Saigonbank to sell nearly 8.3 million BVB shares

Saigon Bank For Industry And Trade (Saigonbank, SGB) has just announced the offering of more than 8 million shares of Viet Capital Commercial Joint Stock Bank (BVB).

PVGas's (GAS) profit jumped over 34 per cent in Q2
COMPANIES Jul 27th at 08:46

PVGas's (GAS) profit jumped over 34 per cent in Q2

PetroVietnam Gas JSC (PVGas, GAS) reported profit after tax of more than VND2.3 trillion (US$100.1 million) in the second quarter of 2021, resulting in a rise of...

FPT sees six-months profit up 21 per cent
COMPANIES Jul 26th at 08:12

FPT sees six-months profit up 21 per cent

Vietnamese leading technology company FPT Corporation (FPT) recorded revenue of VND16.2 trillion (US$704.7 million) and profit before tax of VND2.9 trillion in the...

Read More

MOST READ

Back To Top