Hoa Phat Group Joint Stock Company has informed of business result in the first 5 months 2010 as follows:
* Over the first 5 months 2010, sales of the company was VND4,800 billion, reaching 39% of the sales plan and after-tax profit was VND560 billion, reaching 41% of the profit plan of the whole year. Compared to the same period 2009, sales of 5-month accumulation increased 64% and 5-month profit rose 11%.
* In the situation of a sharp decrease in the construction material market, the above results showed the big efforts of Hoa Phat Group in maintaining its business activities stably. For the markets of furniture and refrigeration, products of the company were highly competitive in May. The Hoa Phat Refrigeration Engineering Company had to increase 300% of capacity to meet needs of the market. In addition, the Hoa Phat Energy JSC also had good spending management and profit. It is considered a potential important competitive advantage of Hoa Phat Group.
* The Hoa Phat Cement factory in Ha Nam has been put into operation at the beginning of the month and completed the investment for the first stage with capacity of 1 million ton per year.
* Over the time, Hoa Phat Group has implemented real estate projects, especially as construction of high-storey apartment buildings and infrastructure in industrial zone. The Hoa Mac Industrial Zone with area of 200 hectares has attracted many investors and there have been some to do procedures for building factories.
* In the coming months, Hoa Phat Group will start selling some apartments belonging to the complex project of office, trading center and high-class apartments at 257 Giai Phong. Hoa Phat Group is the investment owner of the project.