Quarter I/2016, Viglacera continues to maintain its growth momentum before the General Shareholders Meeting 2016

Morning 01/4/2016, Viglacera Corporation - JSC held a conference on Business Performance Review of Quarter I/2016 and Business Plan for Quarter II / 2016.

Attending the meeting were the Board of Management, Board of Directors, key staff of the Corporation, and Directors of some subsidiaries.

At the conference, Mr. Nguyen Anh Tuan, Deputy General Director, Director of Planning and Investment Department on behalf of the Corporation Management presents Business Performance Results of Quarter I/2016 and Business Plan for Quarter II / 2016. Profit of Q1 is 111% of targeted profit of the quarter, 1.5 times higher than the same period in 2015. Especially, all key growth indicators are higher than those in the same period last year, and basically reached targets

Deputy General Director Nguyen Anh Tuan presents Business Performance Results of Quarter I/2016 and Business Plan for Quarter II / 2016

Since the 1st quarter, Viglacera Corporation has focused on the investment in the new projects, such as: groundbreaking of Tien Hai Industrial Park, inaugurated the "green" Granite Tile production line using digital printing line in Viglacera Thai Binh granite tile plant, groundbreaking of the expanded Yen Phong industrial Zone while continuing the cooperation in training, R&D with many major, reputed partners in Vietnam and the world.

In the 1st quarter, the Corporation required subsidiaries to focus on following tasks: (i) closely follow targets since the first months of the quarter; (ii) supervise the regular repair and maintenance of machinery and equipment in the first quarter; preparing fuel and materials, product design, budget, human resources, additional investment budgets for material production units; (iii) follow plans, schedules, quality and cost control to ensure operation of production lines stable and efficient after maintenance; (iv) purchase and store materials according to plans, with the support of Viglacera Research and Development Institute in terms of quality assessment, to ensure quality, quantity; and strictly control procurement process of materials and fuel at competitive prices; (v) review and issue  regulations on the operation of representatives of the Corporation capital invested in other enterprises; (vi) issue temporary wage scales, payrolls and allowances of the Corporation-JSC as well as hold the General Shareholders Meeting (GSM) to pass 2016 Business Plan; (vii) Prepare content for the Annual GSM of the Corporation-JSC; (viii) deploy Employee Conference in all units of the Corporation to deliver 2016 business plans to all employees, so that employees can understand, compete and deploy in 2016 plans right from the beginning of the year.

General Director Nguyen Anh Tuan gave speech at the Conference

In Real Estate sector, the Corporation continued: implementing the investment preparation and implementation of several projects: Thai Binh IZ, Yen Phong IZ (expanded), Phase II of Dong Trieu Clinker Factory to increase plant capacity to 4 million m²/year; Deployment of CNG conversion project in Binh Duong Float Glass Company, Tien Son JSC, Thanh Tri JSC, Viet Tri JSC; Inauguration of investment project to expand production (phase 2) - capacity of 2 million m2 / year - in the Thai Binh Granite Tile Factory.

In Commercial sector, the Corporation has: organized 2016 Trade Conference, set targets, identify primary solutions, and focused on market development; (ii) organized exhibition, introduction and sales activities of all products (terracotta, sanitary wares, shower& faucet, porcelain tiles in all Viglacera current showrooms; (iii) developed quality standards of export products; (iv) oriented products and export markets for the next year.

In Quarter II/2016, Viglacera will best prepare for the Annual GSM 2016 of Vigalcera Corporation-JSC scheduled on 26.04.2016. The Corporation will continue to maintain production and business activities in accordance with monthly, quarterly targets, while completely avoid incidents, loss of safety, damages that may impact production efficiency. Manage and control closely the quality of products to ensure objectives and standards to improve competitiveness, particularly for ceramic tile, sanitary ware, terracotta products. Tightly control several inefficient units; Supervise cost reduction in all units; Review workforce to increase productivity. Promote technical innovations, technological solutions to improve product quality and product price. Organize assessment on effectiveness of investment and machinery repair during Lunar New Year and the investment projects have been put into operation; Implement all projects on schedule; Investment preparation for key projects which will start in Quarter II/2016; Prepare SSC report on charter capital increase of the Corporation-JSC and continue to work with interested investors.

Maintaining the growth momentum achieved, Quarter I/2016 delivered good signal for a good year of development and growth of Viglacera. The Corporation determines to complete annual and 2^nd quarter plans, to comply with the regulations on public companies, pledged at the upcoming annual GSM, and to make sure the interests of shareholders at the highest level.

Some speeches at the conference: