Hoanmy Company Limited (Vietnam)

Being founded in 2002, the subject focuses on manufacturing high-quality ceramic tiles in various sizes and types of surfaces such as sand, stone, wood, decor, etc. Its products are mainly consumed domestically. Besides that, the subject also exports to Asia countries such as Malaysia, Singapore, and Thailand, Korea, and Taiwan.Formerly, the subject's products were mainly distributed in domestic through agents of Prime Group but it stopped in the last few years. Accordingly, its sales went down during the period 2019-2021. Anyway, according to Ms. Hoa, who is in charge of accounting, the subject's business became busier in 2022. As a result, its net revenue reached VND 1,297 billion last year, increasing by 8.5% against the volume in 2021. However, due to increased material prices, it gained about VND 130 billion of net income last year, just equaling about 60% of the volume in 2021, Ms. Hoa said.