Hoa Phat Group, the third largest steel producer in Viet Nam, has reported first quarter revenue and post tax profits over double that of last year, reaching VND 4.8 trillion in revenue and VND 550 billion in net profit.

Hoa Phat Minerals Joint Stock Corp, a subsidiary, recently joined hands with Ha Tinh Minerals and Trading Co to establish Hoa Phat Mitraco Minerals Co to process iron ore from Thach Khe Mine in the central province of Ha Tinh. The group holds a 63.5% stake in the company.

(Sourced from www.vietnamnews.vnagency.com.vn)