Saturday, August 18, 2018 5:20:20 AM - Markets open
VN-INDEX 968.88 +4.60/+0.48%
HNX-INDEX 108.02 +0.10/+0.09%
UPCOM-INDEX 51.47 +0.08/+0.16%
HPG: Hoa Phat steel grows 10 percent in Q1
VietnamPlus - 4/11/2018 10:20:56 AM
 (0 ratings. You must sign in to rate.)
Hoa Phat Group, a major industrial production group in Vietnam, manufactured 542,000 tonnes of steel in the first quarter of 2018, up nearly 10 percent year on year.
 
During the period, it exported more than 73,000 tonnes of steel for more than 7 million USD.
 
In March alone, the firm sold more than 180,000 tonnes of steel, equivalent to last year’s figure and increasing 10 percent from February. The group shipped 11,700 tonnes of steel abroad, mainly to Australia, Southeast Asian countries, and the US.
 
As a result, Hoa Phat’s steel market share went up to 24 percent, leading the sector in Vietnam.
 
By the end of March, the Australian Anti-Dumping Commission (ADC) ended its year-long investigation into alleged dumping of steel rod in coils exported to Australia from Vietnam in favour of the country after finding no evidence of foul play.
 
In its Terminal Report No. 416 issued on March 26, the commission concluded that “the dumping margin for Hoa Phat, and for all other exporters from Vietnam, is negative.”
 
ADC’s decision is good news for Vietnamese steel producers as Australia is a potential steel market.-VNA
 
Read original article here
Newer News
16/08 HVN: Vietnam Airlines’ pre-tax profit surges 87 percent in six months
02/08 Novaland reports 29 per cent sales growth
31/07 HPG: Hòa Phát Group’s profit surged
26/07 MSN: Masan Group profit more than triples in first half
26/07 TCB: Techcombank’s pre-tax profit doubles in first half
24/07 Sabeco cuts projected profit by a fifth
21/07 Banks post impressive profit growth in H1 2018
21/07 SSI, HSC manage to maintain growth
21/07 PV Gas posts higher-than-expected H1 results
19/07 NT2: PV Power Nhơn Trạch reports profit gain
Older News
04/04 HAGL reports decrease of $29 million in audited financial statements
27/03 Bank profits expected to rise significantly in Q1
07/02 Petrolimex’s profit down despite revenue increase
07/02 FPT records 41 percent increase in pre-tax profit
01/02 Sabeco reports massive revenue and profit in fourth quarter of 2017
01/02 Vietjet’s pre-tax profit hits nearly 4.755 trillion VND
25/01 CMC grew 30% after Q3
19/01 Rồng Việt Securities reports $6m profit
16/01 Vietinbank posts 405-million-USD pre-tax profit
15/01 Sabeco produces 1.72 billion litres of beer in 2017
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:14:05 PM
VN-INDEX 968.88 +4.60/+0.48%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.