Business

Steelmaker posts 132.37 million USD in after-tax profit

Giant steelmaker Hoa Sen Group posted 747 billion VND (132.37 million USD) in after-tax profits in the first four months of the 2020-2021 fiscal year, from October 1, 2020 to January 31, 2021, fulfilling 49.8 percent of its target, it revealed on February 22.
Steelmaker posts 132.37 million USD in after-tax profit ảnh 1Hoa Sen Group - Hoa Binh branch (Photo: hoasengroup.vn)
Hanoi (VNA) - Giant steelmaker Hoa Sen Group posted 747 billion VND (132.37million USD) in after-tax profits in the first four months of the 2020-2021fiscal year, from October 1, 2020 to January 31, 2021, fulfilling 49.8 percent of its target, it revealed on February 22.

Revenue reached some12.21 trillion VND in the period, meeting 37 percent of the plan.

Of note, it collected3.11 billion VND in revenues and posted 175 billion VND in after-tax profit inJanuary alone.

The Hoa Sen Group ismulling the sale of 327,100 treasury stocks, which is expected to be completedin March after approval is forthcoming from the State Securities Commission.

It has also proposedbuying about 22 million of its shares and lowering its charter capital, in aneffort to protect shareholder and investor interests over concerns aboutCOVID-19’s impact on the stock market./.
VNA
#Hoa Sen Group#2020-2021 fiscal year#after-tax profits#revenue#Vietnam#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

Steel exports surge in November

Steel exports surge in November

Steel exports in November surged 21.52 percent month on month and 40 percent year on year, reaching more than 478,300 tonnes, reported the Vietnam Steel Association (VSA).
Vietnamese businesses set mixed targets

Vietnamese businesses set mixed targets

After performing well last year despite the COVID-19 pandemic, many companies have prepared new plans for 2021. While some firms, such as GELEX, have doubled their targeted profits, others which reported good results in 2020 have lowered their expectations.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.