14
Mar
12:35
Hoa Phat targets higher revenue, lower profits
Vietnam's Hoa Phat Group plans to achieve higher revenue in 2023, but its after-tax profit target is expected to be down from 2022, according to the company's report to shareholders.
Since the steel industry is the main business of the Hoa Phat Group and accounted for 93% of the group's revenue and 95% of after-tax profits in 2022, the lower profit target implies steel sector cost pressures, Kallanish notes. Last year, Hoa Phat'…
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Anonymous
Very good overview of the weekly steel market.
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