Vietnam’s Hoa Sen forecasts after-tax profit in 2023 to drop to 10-year low
Time:Fri, 24 Feb 2023 06:50:21 +0800
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Hoa Sen Group, a leading company in the field of manufacturing and trading steel sheet in Vietnam, forecasted that because of export difficulties, its after-tax profit might drop to between VND100 billion and VND300 billion, which might hit a record low over the past ten years.
In 2023, the company's sales of finished products were expected to reach 1.4 million tons to 1.5 million tons, and the sales revenue would be VND34 trillion to VND36 trillion.
Besides, tightened monetary policies, high interest rates, and unstable foreign exchange rates will also impact Hoa Sen’s production and operation.
