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Up Steel estimated 100 billion Q1 profit
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Moving on steel targets sales of 4,000 billion VND and 240 billion profit after tax for 2016.
Nguyen Manh Ha, Chairman of Tien Len Steel Corporation Joint Stock Company (code TLH) has answered the newspaper Securities Investment company estimated profit of 100 billion in Q1 2016. Profits Up Steel's pen break compared with the loss of 169 billion in 2015.
Cause Q1 profit after tax was due to the sudden increase in world steel prices should benefit Up Steel greatly by the company have many cheap inventory and provisioning from the end of 2015.
In documents held shareholder meeting next time, Tien Len Steel said the economic recovery in 2015 Vietnam is an important basis to set a target growth in 2016. Industry growth forecast 2016's strong real estate, materials and construction services, consumer services, agro-forestry products. Steel industry forecast 8-10% growth compared to 2015.
Moving on steel targets sales of 4,000 billion VND and 240 billion profit after tax for 2016.
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18/8/2025
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