Vietnam-based steel producer Hoa Phat Group has announced its financial and operational results for the first quarter of 2025.
For the first quarter, the company has reported a net profit of VND 3.3 trillion ($127.47 million), increasing by 16 percent, while its sales revenue totaled VND 37.9 trillion ($1.46 billion), up by 22 percent, both year on year.
The company stated that for 2025 it targets a sales revenue of VND 170 trillion, up 21 percent compared to 2024, and a net profit of VND 15 trillion, reflecting a 24.8 percent year-on-year increase.
