Hoa Sen Group posts $3m one-month profit

VNStockNews.com - Hoa Sen Group (HSG) earned VND285.47 billion (US$15.6 million) in October and posted a net profit for the month of VND55 billion ($3 million), exceeding the month’s target by 27 per cent.

The company targets VND520 billion ($28.4 million) in net profits for the fiscal year of 2009-10. Hoa Sen deals in steel, building materials, real estate development, financial investments and marine logistics.