Hoa Phat Refrigeration exceeded profit plan after only 7 months in 2019

Due to the high temperature for many recent months, the demand of refrigeration products in Vietnam has increased, particularly air conditioner. This is the main factor dramatically increased sales output of Hoa Phat Refrigeration Company. For the first time after 18-year development, company easily exceeded the profit target in 2019 before 5 months of deadline and increased 82% compared to the same period in 2018.

According to Ms. Nguyen Thi Ngoc Anh - Deputy Director of Hoa Phat Refrigeration Co., Ltd, by the end of July, the company’s revenue reached 79% of the plan, increased 33% compared to the same period in 2019. Especially, the after-tax profit target increased by 82% compared to the same period and exceeded 9% of the plan assigned by Hoa Phat Group for the whole year of 2019. On the process of dramatic developing, the company aims at achieving the revenue plan for the whole year of 2019 in September, reaching 1,100 billion revenue.

In the peak months of early summer, in order to achieve the high demand of refrigeration products, Hoa Phat’s warehouse always prepares enough products including air conditioners, refrigerators and freezers to supply for the market.

Funiki Air Conditioner MMC2 is manufactured by modern technology system in Malaysia, imported and distributed in Vietnam by Hoa Phat Refrigeration. The product has many outstanding features with compact and sophisticated design, uses Gas R410a, environmentally friendly, extremely fast cooling system, saves energy. Additionally, in 2019, company provides Funiki HSC series air conditioner using new R32 refrigerant, the cooling efficiency is much faster than other types of gas, saving electricity and safer.

This year, Funiki air conditioner increase among the segment of  not only civil and family, but also schools, hospitals, industrial zone projects and public constructions. Along with high quality and good price, warranty and after-sales policies also promote sales growth.

Apart from Air conditioner, freezer and refrigerator, the best-selling product is traditional freezer, which is popular among business households and restaurants segment. In that the products manufactured by the modern Italian technology, meet the high quality standards including durable, super-economical, food is always preserved fresh and Hoa Phat freezers and refrigerators are popular brand for consumers.

For 18-years of being on the market, Hoa Phat Refrigeration Company has made a lot of steady stages with four refrigerator, freezer, mechanic and plastic factories. Hoa Phat Funiki Refrigeration brand is encouraged by not only agents and distributors but also consumers throughout the country, contributing to the annual growth of the product sales. 

Hong Hanh