Hoang Mai Cement expects revenue at US$80m this year

Hoang Mai Cement JSC (HOM), an affiliate of Vietnam Cement Industry Corporation (Vicem), forecast its net revenue at VND1.7trn (US$80m) and pretax profit at VND45bn, thank to a rebound in demand of cement in the local market. The projection was made by Truong Quoc Huy, director of HOM in a report posted on  a website under the Ministry of Construction.

In 2014, the company’s total cement sales are forecast to hit 1.7Mt and clinker sales are predicted at 81,000t, versus respective 1.24Mt of cement and 420,000t of clinker in 2013.