HPG completed profit plan 2012 after 10 months

After 10 months, HPG has completed its profit plan 2012 with the accumulated profit of 950 billion dong.

In a difficult year for the economy in general and the steel sector in particular, Hoa Phat has still maintained stable operation in all sectors, ensure the best plan. Despite the general decline of the industry, steel segment has reached target and Hoa Phat is one of the best companies in the steel industry this year. After 10 months, production of construction steel consumption of HPG was 516,000 tons.

Currently, HPG operates 2 steel mills in Hung Yen using electric furnace technology and steel integrated complex in Hai Duong with blast furnace technology. After more than two years in operation, along with the master technology producing steel from iron ore blast furnace technology, the complex has gradually proved it’s outstanding in margin. It significantly contributes to the profit of the Group every year and considered as an important factor constituting revenue and profit of HPG.

With the adjustment price of Mandarin Garden residental project since October, shortly after that, customers increased much more than expected, the number sold approximately 100 apartments in the first month of new policy. At the current sales pace, the Group will complete the sales plan of this project, while ensuring financial plan and cash flow of the Group for the year 2012 and subsequent years.

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