Viglacera's profit in August continued to grow beyond plan

Profit growth exceeded 7.3% of plan and the plan of September, 2017 is the highlight in the meeting of business performance results in August. Therefore, the profit of August in the whole Corporation reached 107.3 % monthly plan, accumulated 8 months of the year reached 78.7% profit year plan. In which the prominent role of Viglacerea with profit of 121.8% as compared with the plan, the accumulated profit in 8 months is 65% of the profit of the Corporation, reached 89% plan year of Board of shareholders, profit increased 187.6 billion compared with the same period in 2016.

The meeting overview in September,2017.

The total revenue of the company in August was nearly 100% of the monthly plan and the accumulated value of the first eight months was VND 10,386 billion, achieving 63% of the plan for the year and increase 7% compare with the same period of 2016. In which, Parent company reached 800 VND billion in August, 103% of the monthly plan; Accumulated eight months reached 3.258 billion, 63% of the year plan, increase 19% compare with the same period of 2016.

Deputy Director-General, Director of Planning and Investment Department Nguyen Anh Tuan reported the August result and the plan of September 2017.

In August, Viglacera Float Glass Company and Real Estate Division were the major contributors to the company's August earnings results and TCT-CTCP, and the rest of them basically completed their August plan. However, some units are not as effective as expected. Export revenue generally has not reached the target so the export departments should focus on analyzing the causes and discuss solutions to solve them step by step in order to fulfill the September plan.

Speaking at the meeting, Viglacera General Director Nguyen Anh Tuan highlhy appreciates the efforts of all the leaders and staffs of the Corporation in August/2017 in particular and in the first eight months of the year in general. , and praised the companies that made a great contribution to the results of the Viglacera Corporation in August/2017 such as the Viglacera Float Glass Company, Real Estate Division.

The main targets in the business plan, especially the profit target in August, basically reached and exceeded the plan as a result of effective Viglacera leadership. The comparative figures from the operations of the parent company and its subsidiaries and associates clearly show the effective direction of the Board of Directors as well as the leading role of the parent company associated with the Viglacera strategy and program. In September, 2017, the General Director directed all departments, and company members focused on restructuring programs, ESOP, to implement the schedule to reduce the ownership of state capital in accordance with Decision No. 1232 17 / 8/2017 of the Prime Minister. General Director said that in the coming time, the management work will be paid attention by shareholders. Therefore, ineffective enterprise need to focus more on putting the activities to work and exceeding the assigned objectives. In addition, in the face of increasing scarcity of raw materials, the General Director requested to set a roadmap to stop producing bricks by 2020, and focus on the production of concrete bricks from raw materials such as ash from thermal power plants. A source of raw materials, which is forecast by the Institute for Building Materials, will exceed 248 million tons by 2025, in order to  to reduce the amount of waste in the power sector as well as environmental protection..

Some Speeches in meeting.

August business results exceeded the key targets, this is the 8th consecutive month that Viglacera has exceeded its planned target. Base on the basis of business targets in September and the third quarter of 2017, all departments and company members should focus on evaluating and analysing the results of 8 months in order to  deal with the current issues. , and strive to complete the plan