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[Ferro-Alloys.com]

Ho Chí Minh City Metal Corporation (HMC) witnessed strong growth in business results during this period with its revenue rising 40.4 percent over the same period of 2020 to over 1.1 trillion VND.

The company's profit after tax gained over 10 times compared to last year to 64.7 billion VND, marking the highest quarterly profit since it was founded.

In the financial report, HMC said that the main reasons for the company's outstanding performance were gains in sales and higher steel price.

The company will hold its annual general meeting on April 26. In a report prepared for the meeting, HMC set this year's target of 3.45 trillion VND in revenue, down 5 percent year-on-year, with profit after tax increasing 16 percent to 44 billion VND. /.VNA

• [Editor:kangmingfei]