Hoa Sen Group (HSG) has reported a strong performance in the first seven months of its 2024–25 fiscal year, posting an estimated post-tax profit of VNĐ460 billion (US$17.7 million), achieving 92% of its full-year target. This outpaces both output and revenue progress—at 57% and 58% of annual goals respectively—highlighting improved profit margins and operational efficiency. Net revenue during this period reached VNĐ21.939 trillion, with over 1.1 million tonnes of production. Positive cash flow from operations (VNĐ2.03 trillion) has strengthened HSG’s financial position, supporting liability management and expansion of its Hoa Sen Home retail network, now spanning 400+ outlets nationwide. The group leads Việt Nam’s coated steel market (29% share) and ranks second in steel pipes (15%), maintaining robust exports to over 90 countries. Despite recent U.S. trade actions and tariffs that disrupted exports and dampened HSG stock prices, the group remains resilient and expects to exceed its fiscal targets. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News