HPG reached VND481 billion net profit in Q1, equal to 40% of the year plan

As at the end of first quarter 2013, Hoa Phat Group reached VND3,996 billion of revenue and 481 billion of net profit, respectively 22% and 40% of the plan.

Although affected by the long Lunar New Year holiday and the difficulties of domestic economy, the result that HPG achieved is good in the common situation. Main product of the Group, steel, has gained consumption of 157,200 tonnes, accounting for 14.2% of market share. HPG has completed installation of blast furnace - the most important item of the Phase 2 – Hoa Phat steel integrated Complex in Hai Duong, ensuring to run trial all items by earlier of June 2013 and put into operation officially from July 2013.

HPG is also urgently completing Mandarin Garden project. The systems such as trees, sidewalk, commercial corridor, public infrastructure and green area of 4 blocks have been implemented. Currently, this project is getting a quite good result of sales compared to the general situation of the real esate market. There are daily 3 or 4 of apartments to be bought in average.

Besides, the other segments of HPG still ensured stable operation and completed the assigned plan.

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