For the fourth consecutive month, Viglacera has exceeded its profitability, in which profit for the parent company in 4 months reached 47% of the plan in 2017

Viglacera Corporation JSC maintains its momentum of growth as it continues to exceed its master plan target in monthly meeting celebrated on May 03rd, 2017. Accordingly, in April, the whole Corporation’s profit was 81 billion dong, reaching 106% of the monthly plan and 4 months-profit was 327.5 billion dong, reaching 36% of the annual plan and 1.57 times as much as the same period of 2016.

Consolidated profit in April was 79.6 billion dong, reaching 106% of the monthly plan and accumulated 4 months-profit was 322.6 billion dong, reaching 36% of the annual plan; increasing the profit of 116 billion dong compared with the same period of 2016. In which, the parent company: In April, profit was 48 billion dong, reaching 108% of monthly plan and accumulated 4 months-profit was 232 billion dong, reaching 47% of the annual plan, increasing 109 billion compared with the same period of 2016. In April, subsidiaries's profit was 31 billion dong, reaching 102% of the monthly plan and accumulated 4 months-profit was 92.5 billion dong, reaching 24% of the annual plan, increasing profit of 9.8 billion dong over the same period of 2016. Profit of associated companies in April was 1.9 billion, reaching 96% of monthly plan, accumulated 4 months profit was 2.9 billion, reaching 10% of annual plan, increasing 0.8 billion compared with the same period of 2016.

Monthly meeting in May, 2017

Deputy General Director, Director of Planning & Invesment Division – Mr. Nguyen Anh Tuan reported on result of April, 2017 and plan for May, 2017

In April 2014, Viglacera, with the stock code VGC, successfully held the 2017 Annual General Meeting of Shareholeders. With the high approval rate, the General Meeting approved the following main contents: Report of the Board of Management, Report of the Board of Directors on the results of business activities in 2016 and the plan for 2017; Report of the Supervisory Board in 2016; The plan to increase charter capital from 3,070 billion dong to 4,270 billion dong by issuing 120 million shares to the public in the form of public auction, to reduce the rate of State ownership from 78.82 % to 56.67%, proceed to reduce under 51% according to the approved schedule.

General Director – Mr. Nguyen Anh Tuan at the meeting

Speaking at the meeting, Viglacera's General Director - Mr. Nguyen Anh Tuan continued to appreciate the efforts of all the leaders and staffs of the Corporation in April, 2017 in particular and in the first 4 months of the year in general, praising companies that have made a great contribution to the result of the Corporation such as Viglacera Float Glass Company, Viglacera Real Estate Trading Company, Viglacera Infrastructure Investment and Development Company and Viglacera Ha Long Joint Stock Company.

The main targets in the business plan in April reached and exceeded the plan as a result of close and drastic direction right from the beginning of the first month of 2017. The figures from the operations of the parent company and its subsidiaries and associated companies clearly show the effectiveness of the leaders as well as the correct strategy and program of action of Corporation. In May 2017, the General Director requested divisions, departments focus on the program of increasing capital to continue investing in the potential new projects of the Corporation such as Dong Van 4 Industrial Zone, Yen Phong phase 2, project of My Xuan high-grade sanitary ware factory and ultra-clear glass factory in Vung Tau. Continuing to strengthen the organization and operation of management boards and investment steering committees to keep pace with and ensure the speed of progress of projects. As the hot and stormy season approaching, the General Director also asked the Working Group to closely and drastically inspect the work safety, fire and explosion prevention and fighting and flood prevention at the factories, improving the summer drinking water for laborers, especially to ensure compliance with the new and amendment regulations as the Law on Food Safety; Decree No. 44/2016/ND-CP, Decree 39/2016/ND-CP detailing the implementation of the Law on Occupational Safety and Hygiene.

Business results in April has exceeded the target for the fourth consecutive month. The Corporation has exceeded the planned profit target for the fourth consecutive month. Profit of the Parent company has reached 47%  of the annual plan .

On the basis of the targets and tasks planned in May, the leaders of the Corporation asked subsidiaries and other companies to focus on directing the synchronous implementation of solutions to improve business performance, focusing on the development and expansion of the market in order to increase the revenue, sales volume and reduce inventory; strengthening debt recovery, preparing sufficient conditions and resources for the implementation of key projects of the Corporation in the field of building materials and real estate to keep pace with the plan and strive to exceed the committed targets of the first 6 months of 2017 .