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They were nearly four times the first quarter figure though down 64% year-on-year.
Vietnam’s biggest construction steel manufacturer saw sales drop by 20% year-on-year to VND30 trillion.
For the first half, profits were 70% down year-on-year to VND1.8 trillion as revenues declined by 30% to VND56.67 trillion.
Amid weak demand both domestically and internationally, the company cut output in the first six months by 34% year-on-year to 2.86 million tons.
The company however reported a 50% increase in the production of Funiki air conditioners.
It is building a new plant, Hoa Phat Dung Quat 2, with a capacity of 5.6 million tons of hot-rolled coil steel annually.
Construction is 30% complete a year after it began, and the plant will churn out its first products in 2025.
