Hoa Phat group gains 550b dong profit in Q1

Hoa Phat Group Joint Stock Co (HPG) has released the fiscal statement in the first quarter this year with 4.8 trillion dong of revenue, 1.87 times higher than the same period last year, after tax profit at 550 billion dong, 1.95 fold increase compared to the same period in 2010.

Previously, Hoa Phat Minerals Joint Stock Co and Ha Tinh Trading & Minerals Corp (Mitraco) also contributed capital to establish Hoa Phat Mitraco Minerals Joint Stock Co to carry out the iron ore processing and selection project in Thach Khe mine in the central province of Ha Tinh, of which, Hoa Phat group holds 63.5 percent stake into this joint venture.

 

Category: Business