HANOI -- Vietnam's Hoa Phat Group, Southeast Asia's top steelmaker, posted a net loss of nearly 2 trillion dong ($85 million) for the October-December period, staying in the red for a second straight quarter amid declining domestic construction and high raw materials costs.
The red ink marked a sharp reversal from the year-earlier 7.4 trillion dong profit. Revenue fell 42% to 26 trillion dong.
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