Hoa Phat 's latest business report recorded the best results of the year in the fourth quarter of 2023. Specifically, the group's revenue was recorded at VND 34,925 billion, up 33% over the same period in 2022. Profit after tax was recorded at VND 2,969 billion, up 249% over the same period last year and up 48% over the previous quarter. Accumulated for the whole year of 2023, Hoa Phat achieved VND 120,355 billion in revenue, down 16% over the same period in 2022. Profit after tax was VND 6,800 billion, equivalent to completing 85% of the yearly plan.
Hoa Phat Steel has been exported to 39 countries and territories worldwide.
In 2023, Hoa Phat produced 6.7 million tons of crude steel, down 10% compared to 2022. In the context of economic difficulties, Hoa Phat's steel export market expanded to 39 countries and territories worldwide. Exports help Hoa Phat diversify its consumption markets, while contributing to foreign currency earnings and balancing Vietnam's trade balance.
Regarding steel pipe products, Hoa Phat supplied 685,000 tons to the market, down 9% compared to 2022. Galvanized steel of all kinds reached the same level as the previous year at 329,000 tons.
With a crude steel capacity of 8.5 million tons/year, the largest in Vietnam and Southeast Asia, Hoa Phat leads the market share in Vietnam in construction steel and steel pipes, is in the top 5 largest galvanized steel manufacturers, and is the only Vietnamese enterprise that can produce HRC steel, prestressed steel cables and many types of high-quality steel.
Other business sectors also made their mark by officially supplying container shell products to the market from the beginning of August 2023. Also in August, Hoa Phat put the first berth of the general container port in Dung Quat - Quang Ngai into operation to serve the cargo handling needs of businesses in Dung Quat Economic Zone and neighboring areas. The home appliance sector expanded its sales channels, continuously introducing a series of new products such as large freezers, washing machines, bottled water dispensers, new generation water purifiers, air coolers, induction cookers, infrared cookers, dishwashers, etc. to meet market demand.
Exporting goods at Hoa Phat Dung Quat Specialized Port
In the agricultural sector, the group optimizes the scale and efficiency of investment in animal feed factories, pig, cow and chicken farms nationwide with the goal of maintaining its position and market share in the leading group of clean chicken eggs and commercial pigs supplied to the market. In particular, Hoa Phat Poultry for the first time exceeded the output of 300 million eggs, launching pink-shelled chicken eggs. Hoa Phat also continues to invest in expanding existing industrial parks in Hung Yen and Ha Nam, creating more clean land and technical infrastructure to serve the investment and production needs of domestic and foreign enterprises.
According to the rankings of Vietnam Report and VietnamNet newspaper just announced, Hoa Phat Group continues to maintain the No. 1 position in the top 10 largest private enterprises in Vietnam for the second consecutive year and ranks 8th in the top 10 largest enterprises in the country.
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