Nam Kim Steel Joint Stock Company (NKG) reported poor business results for Q1/2025
Nam Kim Steel Joint Stock Company (NKG) reported poor business results for Q1/2025, with net revenue down 23% to over VND 4,100 billion and net profit plunging 56% year-on-year to just VND 65 billion. The main causes were weak market demand and low steel prices. Although financial and selling expenses dropped significantly — especially transportation costs due to halted exports to the U.S. — Nam Kim still suffered heavily from a temporary U.S. anti-dumping tax of up to 49%.
Nam Kim Steel Joint Stock Company (NKG) reported poor business results for Q1/2025, with net revenue down 23% to over VND 4,100 billion and net profit plunging 56% year-on-year to just VND 65 billion. The main causes were weak market demand and low steel prices. Although financial and selling expenses dropped significantly — especially transportation costs due to halted exports to the U.S. — Nam Kim still suffered heavily from a temporary U.S. anti-dumping tax of up to 49%.
« Go Back
Our Events
-
Jan 28, 2019
[FiinPro Data] 2018 Earnings Update: 82% of businesses reported profits with a 16% growth
-
Dec 07, 2018
-
Oct 22, 2018
-
Oct 09, 2018
-
Apr 28, 2020
FiinGroup - Liberation Day and International Workers' Day Closing Announcement 2020
-
Oct 22, 2018
Vietnam Real Estate - Where is the market heading to?
The domestic real estate market has had a period of strong growth in the past five years, will this bull market continue and support real estate stocks to lead the market?