Hoa Phat reached VND 1,031 billion of profit 2012

According to the unaudited consolidated financial report 2012, Hoa Phat Group reached VND 17,153 billion in revenue and 1,031 billion of profit after tax, equal to 94% and 114% of plan approved by the Shareholders Meeting in the beginning of the year.

Through a difficult year of the economy, including the field of building materials and real estate, however, all segments of Hoa Phat maintained its stability and expanded market. The array of construction steel, steel pipe and ancillary products is still key array production of HPG with 79% of revenue and 66% of the profit.

In 2012, Hoa Phat steel sold 611,592 tons, accounting for 13.7% market share, higher than the market share in 2011, 13.3%. Hoa Phat Steel pipe also completed its year-plan as at the end of quarter III/2012. New product, galvanized coil flat steel pipe, put into stable operation last year, contributing significantly to the company’s performance.

Hoa Phat real estate array had much more positive signs at the end of the year. With new sales policies implemented since 10/2012, more than 200 apartments of Mandarin Garden residential complex has been sold only within 3 months, and this is one of the few projects that has the best selling process at present. Mandarin Garden is being finished to delivery to customers by September 2013.

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