HSG reported Q4 FY2021 results (July 1 to September 30, 2021) with revenue of VND15.8tn (USD686.8mn; +89% YoY and +22% QoQ) and NPAT-MI of VND940bn (USD40.9mn; +108% YoY and -45% QoQ), which were driven by 1) continued strong export sales volume, 2) sustained high steel prices (hot rolled coil (HRC) prices have skyrocketed ~35% since end-2020 and remained high in Q4 FY2021) and 3) declining interest expenses. 

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