Hoa Sen Group's profit exceeds plan, not affected by US tariff policy

On June 3, 2025, the United States adjusted the import tax on steel and aluminum from the current 25% to 50% based on section 232 of the Trade Expansion Act of 1962.

On June 3, 2025, the United States adjusted the import tax on steel and aluminum from the current 25% to 50% based on Section 232 of the US Trade Expansion Act of 1962. Regarding the impact of the new tax policy, Hoa Sen Group affirmed that this measure will not affect business operations in the near future.

The reason is that since September 2024, the US Department of Commerce has initiated anti-dumping and anti-subsidy investigations on galvanized, cold-galvanized and color-coated steel products exported from Vietnam. Due to the impact of the investigation and cautious sentiment from customers, the export of galvanized steel to the US market has been suspended since September 2024.

Despite the temporary interruption of export activities to the United States since September 2024, the positive business results in the first 8 months of the 2024-2025 fiscal year show that Hoa Sen Group has a superior ability to adapt to market fluctuations, and the US tariff policy does not affect the business activities of Hoa Sen Group. Specifically, the cumulative business results in the first 8 months of the 2024-2025 fiscal year are very positive:

Thus, after 8 months of operation, Hoa Sen Group has exceeded 13% of the 2024-2025 FY profit plan according to the high option. In the remaining months, Hoa Sen Group will continue to strive to complete the production and revenue plan and continue to improve after-tax profit results to bring the best benefits to Shareholders.

HOA LOTUS GROUP

Source: https://hoasengroup.vn/vi/bai-viet/tap-doan-hoa-sen-loi-nhuan-vuot-ke-hoach-khong-anh-huong-chinh-sach-thue-quan-cua-my/