Vietnam steel companies’ 2024 profits to recover from low bases
Most listed Vietnamese steel businesses reported year-on-year declines in net revenue and net profit last year, but their profits are expected to grow well in 2024.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dragon Capital becomes major shareholder in top steelmaker Hoa Sen
Leading fund management company Dragon Capital has bought a further 1.1 million shares in Vietnam's leading steel sheet producer Hoa Sen, raising its ownership ratio from 4.86% to 5.05%, equivalent to more than 30.1 million shares.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top steelmaker Hoa Sen's 2022 profit drops 94% to $11 mln
Hoa Sen Group, Vietnam's leading steel sheet producer, reported after-tax profit of VND251 billion ($10.7 million) in the fiscal year 2021-2022 from October 1, 2021 to September 30, 2022, down 94% year-on-year and fullfilling 10% of its target.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel sales in Vietnam drop 7% in 2022
Steel output in Vietnam dropped 11.9% year-on-year last year to 29.34 million tons, while sales fell 7.2% to 27.3 million tons, the Vietnam Steel Association (VSA) reported.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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