Business

Steelmaker posts 132.37 million USD in after-tax profit

Giant steelmaker Hoa Sen Group posted 747 billion VND (132.37 million USD) in after-tax profits in the first four months of the 2020-2021 fiscal year, from October 1, 2020 to January 31, 2021, fulfilling 49.8 percent of its target, it revealed on February 22.
Steelmaker posts 132.37 million USD in after-tax profit ảnh 1Hoa Sen Group - Hoa Binh branch (Photo: hoasengroup.vn)
Hanoi (VNA) - Giant steelmaker Hoa Sen Group posted 747 billion VND (132.37million USD) in after-tax profits in the first four months of the 2020-2021fiscal year, from October 1, 2020 to January 31, 2021, fulfilling 49.8 percent of its target, it revealed on February 22.

Revenue reached some12.21 trillion VND in the period, meeting 37 percent of the plan.

Of note, it collected3.11 billion VND in revenues and posted 175 billion VND in after-tax profit inJanuary alone.

The Hoa Sen Group ismulling the sale of 327,100 treasury stocks, which is expected to be completedin March after approval is forthcoming from the State Securities Commission.

It has also proposedbuying about 22 million of its shares and lowering its charter capital, in aneffort to protect shareholder and investor interests over concerns aboutCOVID-19’s impact on the stock market./.
VNA
#Hoa Sen Group #2020-2021 fiscal year #after-tax profits #revenue #Vietnam #Vietnamplus #Vietnam News Agency
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