May 22, 2020
Hoa Phat Group announced that Q1 profits from agriculture segment sales rose by over 420% over the same period last year. Chairman Tran Dinh Long said the Group’s earnings from livestock is ‘very good’, thanks to bullish pork prices. This year, Hoa Phat aims to reach a maximum capacity of 600,000 tons of feed/year, 450,000 pig/year, 150,000 beef cattle and 300 million chicken eggs. Proportions of profit allocated to pig, beef cattle, and eggs are 60%, 30% and 10% respectively.