Hoa Sen forecasts Q2 profits over $5m

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Steelmaker Hoa Sen Group (HSG) estimated revenue would be more than VND4.32 trillion (US$204.8 million) and net profits VND111 billion ($5.3 million) in the second quarter of this year.

HCM CITY (Biz Hub) — Steelmaker Hoa Sen Group (HSG) estimated revenue would be more than VND4.32 trillion (US$204.8 million) and net profits VND111 billion ($5.3 million) in the second quarter of this year.

The group sold 237,000 tonnes of finished products, 36 per cent of which was for export and lower than the average of 46 per cent in the first six months of the fiscal year. — VNS

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