Hoa Phat meets annual plan 4 months early

Hoa Phat reached VND 330 billion profit after tax, meeting the plan for 2007 four months early. Basing on the achieved results, Hoa Phat Group  is aiming for a VND 490 billion profit after tax for the  whole year 2007, exceeding 48% of the projected figures.

It is an impressive result and good news for all Hoa Phat Group’s shareholders. On the OTC market, many financial organizations and foreign securities companies including a Korean securities company and another from Japan chasing for HPG share. It proves that Hoa Phat has built up a good position and reputation in the eyes of domestic as well as foreign investors.

In the coming period, Hoa Phat will develope many big projects to increase the revenues to VND 10.000 billion in the year 2010, double the group’s 2007 revenues and set the target to become the private industrial manufacturing group reaching USD 1 billion in the year 2012.

HPG