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Hoa Sen Group (HSG) set an after-tax revenue goal of VND1.5-2.5 trillion (US$65.8-110 million) for the monetary 12 months 2021-22, relying on enter materials worth actions, the pandemic state of affairs and vitality costs.
The marketing strategy was authorised at its shareholder assembly held in HCM Metropolis on Tuesday.
Accordingly, HSG focused gross sales of two million tonnes and income of VND46.3 trillion within the monetary 12 months (from October 1, 2021, to September 30, 2022).
This 12 months, the group mentioned the financial system would see unpredictable adjustments as a result of COVID-19 pandemic and world political battle, which might have an effect on enterprise operations.
Within the first quarter of its monetary 12 months, its metal gross sales reached 604,518 tonnes, assembly 30 per cent of the entire 12 months’s set goal.
Its gross sales within the first quarter had been elevated by 86 per cent from the identical interval final 12 months, reaching VND16.9 trillion. Its after-tax revenue was VND638 billion, assembly 25.5 per cent of the set goal.
HSG additionally submitted to shareholders for approval the coverage on reworking the working mannequin of Hoa Sen Group Joint Inventory Firm.
Particularly, HSG will convert a member firm into Hoa Sen Plastic Joint Inventory Firm, take the plastic phase’s total manufacturing and enterprise actions, and set up a brand new Hoa Sen Furnishings and Constructing Supplies Distribution JSC (Hoa Sen Residence).
This unit shall be in control of all enterprise actions of distribution, retail and grocery store chain of Hoa Sen Residence.
After the outbreak of the COVID-19 pandemic, within the face of adjustments in client demand, HSG has adjusted its medium and long-term improvement technique in manufacturing, enterprise actions and challenge funding.
Accordingly, they’ve targeted their assets on selling the normal enterprise and manufacturing segments, together with corrugated iron, metal and plastic. It additionally has diversified merchandise and developed the Hoa Sen Residence grocery store chain.
HSG introduced practically 90 Hoa Sen Residence supermarkets into operation by the tip of March, making the most of its retail and distribution system nationwide.
“The corporate has strictly carried out on-site manufacturing, proactively taking measures to answer the COVID-19 pandemic, taking advantage of the logistics benefits of the system of 10 factories and 600 branches throughout the nation. It has additionally promoted exports to make an awesome contribution to its enterprise outcomes for the 12 months 2020-21,” it mentioned.
bizhub
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