April 2018: Viglacera completes its profit target

On the morning of May 3, Viglacera Corporation held a meeting to assess the business results in April 2018 and deploy the business plan in May 2018.

 Overview of the meeting

From the beginning of 2018 up to now, with a strong increase in supply compared to 2017, the building material market is facing difficulties due to strong competition from domestic producers and imported sources. However, with the advantage of a simultaneous operation in building materials and real estate, Viglacera Corporation has completed basically the production targets in April, with the profit before tax reached 101% compared with the plan. In particular, the parent company’s profit before tax increased 24% compared with the plan.

 Deputy General Director Nguyen Anh Tuan reported to the top executives of the Corporation the business results in April 2018 and business plans in May 2018

Based on the achieved results, Viglacera continues to set business targets for May 2018 with the targeted profit before tax increased 3.9%, revenue increased 29.9% compared with the results in April 2018.

 General Director Nguyen Anh Tuan spoke at the meeting

 In order to achieve the planned objectives of May 2018, General Director Nguyen Anh Tuan directed: "First, the Corporation, subsidiaries and associates continue to implement the plan of divestment and prepare the General Meeting of Shareholders in June 2018. Secondly, all units in the Corporation maintain stable production and business operation, control production costs, management costs to improve competitiveness. Thirdly, all trading and business units focus on stabilizing the market, distribution system, product development - new models, especially for wall tiles, sanitary ware and building glass. Fourthly, the Corporation focus on implementing the next steps, following the progress of projects in Cuba, forming the human resources in both building materials and real estate to establish the joint venture with Cuba partners.

The results showed that Viglacera is active in pursuing the planned objectives with the determination to affirm the effectiveness of the joint stock company model, creating a foundation for divesting state capital in 2018 and 2019 according to Decision No. 1232/QĐ-TTg dated 17/8/2017 of the Prime Minister.