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Steelmaker Hoa Phat’s profits dive to 6-year low

Steelmaker Hoa Phat's profits dive to 6-year low

Steel giant Hoa Phat Group saw post-tax profits plummet to a six-year low of VND6.8 trillion (US$276.71 million) last year. Sales fell by 16% to VND120 trillion in a year of declining steel prices, according to its earnings report released Monday. Production was down 10% to 6.7 million tons of …

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