Viglacera Corporation outpeformed targets for production and business plans for August 2019

On 04 August 2019, Viglacera Corporation held a briefing to evaluate production and business results in August, the first 08 months of the year and execute objectives for production and business plans of September 2019. According to recorded results, Viglacera followed closely and achieved the targets ratified by General Meeting of Shareholders.

According to reports made at the briefing, in August 2019, Viglacera Corporation earned a profit of 113% of the month plan, which showed an increase by 23% compared with the same period of 2018.

Mr Nguyen Anh Tuan - Deputy General Director of the Corporation reported on results of production and business activities in August.

In August, the parent company continued to show its leading position with a profit of over VND 77 billion, which is 37% higher than than the same period in 2018. Accordingly, the majority of the profit came from industry parks. While domestic construction- material sector was hit by tough market, real estate - industrial park section played a potential part to add  huge value to Viglacera.

In the field of construction materials, notwithstanding many difficulties, catching the trend with timely and right solutions resulted in positive signs in business and producion section regarding ceramic tiles. With the orientation to develop new product models, satisfy middle and high-end needs from the market, Viglacera tiles are considered to be highly competitive in the local construction material market.

Directors of subsidiary units in Tiles, Sanitary Ware Group reported at the briefing

In addition, the subsidiary units in Sanitary Ware group have gradually been stabilized, keeping pace with the market trend, the production has been maintained well with recovery rate, product quality has lived up to standards and structural models are adjusted flexibly and diversely, feedbacks from Southern market become more positive.

When domestic market is highly competitive, the expansion of export markets is promoted. Export value of the whole corporation in August reached 103% of the plan, going up to 28% in comparision with the same period of 2018. Large markets such as US and Europe responds positively on Viglacera's products, exports in August exceeded the expected plan in general.

Mr Nguyen The Chinh - Director of Real Estate Department and Mrss Tran Minh Loan - Director of Finance and Accounting Department reported at the briefing

Based on the results achieved in August and the first 08 months of 2019, Viglacera has set a target plan for September 2019, adhered to market devements so as to manage each product group, each unit. Focusing on solving problems promptly arising out of production and business activities in order to fulfill the plans as committed.

General Director of the Corporation directed at the briefing

In attempt to complete and exceed Production and Business Plan in 2019, General Director - Nguyen Anh Tuan stated: There will be no breakthrough growth in overall market situation in 2019 and big competitions will persist, difficulties and challenges shall last in 2020. Every department/division under the Corporation need to strengthen governance activities within each their members. Directors of production, business units should synchronously execute plans on products, concentrate on developing new product designs and market solutions to improve their competitiveness, promote activities on market development, especially export markets to alleviate competition pressure in the domestic market.