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[Ferro-Alloys.com] Another steel producer posting good results in the first quarter was Thu Duc Steel JSC (TDS).
The quarterly financial report showed that the company's net revenue rose 22.7 percent year-on-year to 601.6 billion VND. Its profit after tax also posted a gain of 45.5 percent to over 12.8 billion VND.
According to TDS, its steel consumption increased to over 1,760 tonnes in the last quarter while the steel price continued to rally.
The sharply decline in financial expenses also supported TDS' business results. The fees slid nearly 76 percent year-on-year in the first quarter.
In 2021, TDS is expected to reach 20 billion VND in profit before tax.
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- [Editor:kangmingfei]
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