August 01, 2016 HPG 1-H results strong as expected showing net sales of VND15,191 billion, (+12.64% y/y) and NPAT of VND3,050 billion, (+60.4% y/y). The top line strong growth was mainly driven by the higher sales volume plus the contribution from the animal feed segment. Meanwhile the bottom line jumped driven by the GPM improvement thanks to the recovery in ASP plus the cheap input material.
February 23, 2016 HPG FY2015 results rather disappoints overall showing a net sales of VND27,453 billion, (+7.8% y/y) and NPAT of VND3,504 billion, (+7.8%y/y). Core steel division grew on volume sales although ASP fell. Animal feed made a top line contribution from the 2-H FY2015 but made a small loss for the bottom line.