Hanoi (VNA) – Hoa Phat Corporation announced onJanuary 29 that its steel products are now available in 14 countries with atotal export volume of nearly 240,000 tonnes in 2018, up 50.97 percentannually.

Steel pipes recorded a surge of nearly 70 percent annually.

Its total revenue hit 56.5 trillion VND (2.4 billion USD),up 21 percent from 2017. Notably, its post-tax profit rose to an all time highof 8.6 trillion VND, surpassing its target by 7 percent year-on-year.

In the fourth quarter, the corporation earned about 14.5trillion VND in revenue and 1.76 trillion VND in post-tax profit.

Construction steel, steel pipes, and plated metal sheets madeup 85 percent of its revenue and post-tax profit. Hoa Phat sold a record ofmore than 3.16 million tonnes of steel, up 5.3 percent from 2017, including2.37 million tonnes of construction steel and 654,000 tonnes of steel pipe.

Construction steel accounted for 23.8 percent of the marketshare, and steel pipes, 27.5 percent.

Interior decor, refrigeration appliances, and constructionequipment all maintained stable growth.

In real estate, Hoa Phat handed over a majority of the apartmentsin Mandarin Garden 2 and 70 Nguyen Duc Canh projects since the end of last year,and actively started a project on Pho Noi urban area in the northern provinceof Hung Yen.

As regards to agriculture, the corporation has reapedachievements in clean and high-tech agriculture. Its revenue expanded by over40 percent from 2017.

With such positive results, Hoa Phat contributed more than6.3 trillion VND to the State budget, up 32 percent from 2017. –VNA