Quarter I/2019 – Viglacera ‘s profit reaches 147% of the Quarter plan

In the morning of 1st April, Viglacera Corporation held monthly progress meeting to evaluate the business results of Quarter I - 2019 and implement the missions and business plan for Quarter II – 2019. As reported, the quarter I total profit of the whole corporation reached 146% of Quarterly plan, 19% of Annual plan and increase 30% compared with the same period last year.

Viglacera Corporation - JSC held monthly progress meeting to evaluate the business results of Quarter I - 2019 and implement the missions and business plan for Quarter II – 2019 

Because Quarter I has Tet holiday, all units in Building Materials Group of Viglacera concentrated on machines and equipment maintenance to ensure stable production for the whole year. With the determination of the corporation, the effort of business units, in Quarter I – 2019, Viglacera already exceeded all targets of profit, revenue and other basic targets. Especially, it’s remarkable that the Real Estate group helped the parent company’s profit increase to 182% of the plan, which once again showed the leading role of the parent company among the whole corporation. Besides, in Quarter I – 2019, Viglacera corporation – JSC already decreased the State holding from 59.97% to 38.46%.

Mr Nguyen Anh Tuan –General Director reported to the Corporation Board of Directors about the business results in Quarter I – 2019 and announced the business plan for Quarter II - 2019 

The goal set for Quarter II - 2019 is equal growth of all fields and all units which sticks to the master plan of 2019.

Mr Nguyen Anh Tuan – General director spoke at the meeting 

To implement the plan set for Quarter II – 2019, Mr Nguyen Anh Tuan – General director requested: “In quarter II, the Corporation needs to focus on these main missions: Firstly, transfer the trading floor to HOSE as planned; Secondly, organize the Annual Shareholder Meeting; Thirdly, the whole Corporation strive and compete to achieve high business results, which is a significant action to welcome 45-year anniversary of establishment".

Directors, Vice directors of Corporation’s Departments reported to the Corporation Board of Directors 

Updating the movement of market trends, Mr Tuan directed all units, especially trading unit “to focus on developing the synchronizing set of products in bathroom (bathroom cabinet, mirror, washbasin, sink, toilet, shower, wall of shower cabin, bath tub and other attached component parts); to apply designing software in plan of opening building materials supermarket; to develop new sales channels”.

Directors of Business Units reported to the Corporation Board of Directors about the business plan of each Unit

The business result of Quarter I and business plan of Quarter II – 2019 show that Viglacera is sticking to all criteria and targets which were set and are expected to be approved in the Annual Shareholder Meeting in June. The result achieved once again affirms that the Joint stock model is effective for the enterprises which are proactive and know how to take chances.