Hoa Phat is honored in the Top 10 best profit companies in Vietnam

On September 25, 2019, Vietnam Report Joint Stock Company (Vietnam Report) collaborated with VietnamNet Newspaper announced the Profit500 Ranking - Top 500 Best Profit Companies in Vietnam in 2019. Hoa Phat Group honored in the Top 10 best profit companies in Vietnam in 2019 and ranked 4th among the best private companies in Vietnam.

Apart from the parent company, Hoa Phat Steel Pipe Co., Ltd. is in the ranking of the best profit company in Vietnam (ranked 115) and Hoa Phat Furniture Joint Stock Company (ranked 257). In the ranking of the best profit private company, Hoa Phat Steel Pipe ranked 60 and Hoa Phat Furniture ranked 151.

In 2018, Hoa Phat achieved the highest after tax profit of VND 8,600 billion. Return on assets (ROA) of Hoa Phat Group in the recent 3 years ranged from approximately 11% to 20%, return on equity was between 21 and 33%. In the first 6 months of 2019, Hoa Phat Group has accomplished 58% of the profit plan of VND 3,860 billion. Hoa Phat's financial indicators have achieved good results.

Considering the profitable ability measurement of the company, the ROA and ROE of Hoa Phat Group were higher than the average of construction materials and mechanical engineering fields, witnessing the good efficiency of capital use of the Corporation with healthy financial.

The ranking of Profit500 aims at honoring enterprises with good profitability, potential becoming pillars for the development of Vietnam's economy and introducing Vietnamese enterprises' brand to the both domestic and international business community as well. Ceremony for honoring and announcing the official list of Profit500 Ranking 2019 was held on November 6, 2019 at the National Convention Center, Ho Chi Minh City. Hanoi.

Additionally, in this week, Hoa Phat continuously "achieved" many certifications and prestigious awards on business and brands with a series of Top 50 Most Valuable Brands in Vietnam, company has the best governance capacity, businesses have the best financial capacity in Vietnam stock market and the lead of the steel industry.

Hong Hanh