[Hoa Phat Posts VND 15.48T H1 Profit, Reaches 70% of 2026 Target]

Published: Jul 29, 2026 14:57

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Hoa Phat Group reported first-half 2026 revenue of VND 108.87 trillion and net profit of VND 15.48 trillion, up 47% and 103% year-on-year, respectively, achieving 52% of its annual revenue target and 70% of its full-year profit goal. Second-quarter net profit rose 51% to VND 6.42 trillion on revenue of VND 55.56 trillion, supported by robust steel production and sales, with HRC shipments jumping 57% in the first half. The steel business accounted for 93% of revenue and 68% of profit, while agriculture remained the second-largest earnings contributor. The group also accelerated investments in new industrial parks, expanded its household appliance business with a new refrigerator factory, and continued construction of its Dung Quat rail and special steel project, which is expected to begin supplying rail products from the second quarter of 2027.

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