Industry News

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

Views : 305
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 >>
South Africa’s coal exports rise on improved rail performance South Africa’s coal exports rise on improved rail performance
Jan .30.2026
South Africa’s coal exports rise on improved rail performance
Ukrainian industry to drive postwar recovery Ukrainian industry to drive postwar recovery
Jan .30.2026
Ukrainian industry to drive postwar recovery
Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha
Jan .30.2026
Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha
Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar
Jan .30.2026
Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar