Viglacera set a high target for the second quarter of 2018

On the morning of 9 April, Viglacera Corporation held a meeting to assess the business results in the first quarter of 2018 and to deploy the business plan in second quarter of 2018. Accordingly, Viglacera set a strong growth of main business indicators of the second quarter compared with the first quarter.

Viglacera Corporation held a meeting to assess the business results in the first quarter of 2018 and to deploy the business plan in second quarter of 2018

In the first quarter of 2018 - the Lunar new year holiday, member units in Viglacera's building materials division focused on maintenance of machinery and equipment to ensure stable operation for the whole year. Facing the great challenges of market competition of domestic manufacturers and imported products, Viglacera - with the determination of the whole corporation and efforts of the member units, have fulfilled the targeted profit, exceeed 5% of the plan in Q1/2018. Especially, the parent company still plays the leading role for the member units.

Based on the achieved results, Viglacera continues to set higher growth targets in the second quarter of 2018. Viglacera strives to achieve a 92% increase in Q2's profit compared to Q1. For parent company, Q2 profit target will increase 120% compared to Q1.

 
Deputy General Director Mr. Nguyen Anh Tuan reported Q1/2018 business results to the Board of Directors and the business plan for Q2/2018 

In order to achieve the targeted goals for the second quarter of 2018, General Director Nguyen Anh Tuan requested: "In the second quarter, Viglacera should focus on three main tasks. First of all, to implement the divestment of State capital by 36% in May. Secondly, to invest in construction materials and real estate projects in accordance with the set schedule. Thirdly, to manage the stable operation of production, ensure product quality standards and continue to promote technical innovations to increase labor productivity, reduce production costs, improve competitive advantages".

Directors of the member units reported to the Board of Directors of the Corporation

Business results in Q1/2018 and business plan in Q2/2018 shows that Viglacera is in compliance with the set targets and is expected to be passed at the annual shareholders meeting in June. Once again, the results have confirmed that the joint stock model is really effective for the active enterprises like Viglacera.