Viglacera Corporation: In the first quarter of 2022, profit reached 51% of the annual plan

Viglacera said that profit before tax in March reached 129% of the monthly plan, the first quarter of 2022 reached 335% of the quarterly plan, reached 51% of the annual plan, and profit increased by VND 538 billion compared to the same period in 2021.

On April 4, 2022, Viglacera Corporation held a briefing meeting to evaluate the first quarter's production and business results and implement the second quarter's business plan tasks. The results of the first quarter of 2022 of Viglacera have recorded that the profit target of the parent company has reached and exceeded the plan. 

Attending the meeting were Mr. Nguyen Van Tuan - Chairman of the Board of Managements, Mr. Nguyen Anh Tuan - General Director of Corporation, members of the Board of Managements of the Corporation, Supervisory Board, Deputy General Directors of the Corporation with key officials of the Corporation's departments. 

Mr. Nguyen Anh Tuan - Deputy General Director of TCT reported on the general assessment of business results in the first quarter of 2022 

Pre-tax profit in March of the Corporation reached 129% of the monthly plan, the first quarter of 2022 reached 335% of the quarterly plan, reached 51% of the annual plan and the profit increased by VND 538 billion compared to the same period in 2021. The parent company still performed well in the leading role with the profit before tax in March reaching 113% of the monthly plan, the profit of the first quarter of 2022 reaching 294% of the quarterly plan, an increase of VND 376 billion compared to the same period in 2021, bringing effective results. from the Real Estate and Building Glass group. Other indicators of the Corporation basically followed and exceeded the plan. 

In terms of revenue targets, in March, the whole Corporation achieved 109% of the monthly plan, in the first quarter of 2022, 130% of the quarterly plan, 22% of the annual plan and 131% over the same period.

The results of production and business activities in the real estate sector achieved and exceeded the plan of the first quarter (reaching 306% of the quarterly plan and reaching 48% of the annual plan) helped the whole Corporation to exceed the target set in the first quarter of the year. The achievement of the Industrial Park Real Estate sector is the right direction of the Corporation. 

Mr. Nguyen Van Tuan - Chairman of the Board of managements of the Corporation directed at the meeting 

Speaking at the meeting, Chairman of the Corporation's Board of Managements Mr. Nguyen Van Tuan highly appreciated the results achieved by the whole Corporation in the first quarter of 2022 and expected the results of April and the second quarter of 2022 to complete the tasks. the assigned plan targets, the direction of production and business development of the Corporation is being implemented very well. The Chairman emphasized “Signs of positive change coming from the product groups of Glass, Sanitary ware… to real estate projects such as Industrial Parks, Social Housing (NOCN) need to be promoted to improve the quality of brand and competitiveness in the market”

The key tasks in the operation of the Corporation in April and the second quarter of 2022 include: Review and assessment of energy consumption at factories; Improve management to improve product quality and increase selling prices to offset increased input costs; Implement new product development plans to improve product competitiveness; On the basis of the reality of the market, control inventory output and reasonable cost of inventory for production management; Continue to look for new suppliers with good quality and reasonable prices in order to stabilize the price of input materials, transportation costs, and improve production and business efficiency.

Mr. Nguyen Anh Tuan - General Director of the Corporation directed at the meeting 

At the meeting, General Director Nguyen Anh Tuan directed: the positive results of the first quarter of 2022 will be the driving force for the whole Corporation to strive to complete well the 2022 production, business and investment plan and the next five-year plan 2021-2025. The Corporation will strengthen the preparation and successfully organize the Annual General Meeting of Shareholders in 2022 (expected on April 26, 2022).