[SMM Steel] Hoa Phat posts over VND 9 trillion Q1 profit, expects stronger performance ahead

Published: Apr 21, 2026 17:48

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[SMM Steel] Hoa Phat Group reported Q1 2026 revenue of VND 53.3 trillion and net profit exceeding VND 9 trillion, with management expecting better results in the coming quarters. Core steel operations contributed about VND 5.2 trillion, while VND 3.8 trillion came from a one-off project transfer. The company targets VND 210 trillion revenue and VND 22 trillion profit in 2026 (+33% and +42% YoY). Expansion continues, including a 6 mtpa integrated steel project (expected by 2030) and a rail steel project targeting first output in Q2 2027, supported by strong domestic demand and public investment.

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