The first 9 months ty so bong da truc tuyen 2016, Parent company surpasses the profit target ty so bong da truc tuyen the year

In the morning ty so bong da truc tuyen October 3rd, 2016, Viglacera Corporation JSC held a meeting to review production and business results ty so bong da truc tuyen the 3rd quarter and the first 9 months ty so bong da truc tuyen 2016. The meeting also set out a plan to implement main tasks ty so bong da truc tuyen the 4th quarter ty so bong da truc tuyen 2016 - the last quarter ty so bong da truc tuyen the year and the most important period to achieve business targets ty so bong da truc tuyen 2016. The meeting was attended by Chairman ty so bong da truc tuyen Board ty so bong da truc tuyen Directors, Director General, leaders ty so bong da truc tuyen the Corporation, and representatives from departments ty so bong da truc tuyen the Corporation.

In the third quarter ty so bong da truc tuyen 2016, the global economy in general and Vietnam’s economy in particular has seen a stagnant growth, a huge decline in global trade led difficulties and challenges faced by the Corporation to continue in all areas ty so bong da truc tuyen its operation. However, acknowledging opportunities emerged, Viglacera actively restructured its operation to gain competitiveness, ensuring effective production and business activities. In this regard, the Corporation laid out guidance for each area ty so bong da truc tuyen business and achieved encouraging outcomes, especially over-target profits gained earlier than expected.

For the first 9 months ty so bong da truc tuyen 2016, the cumulative profit ty so bong da truc tuyen the parent company – the most important indicator, reached 104% compared to the 2016 targeted profit adopted by the Shareholder Meeting. There were seven units ty so bong da truc tuyen the Corporation surpassing the profit targets ty so bong da truc tuyen 2016, including Binh Duong Float Glass Company, Construction Company, Showers and Faucets Company, Minerals JSC, Dong Trieu JSC, Cau Duong JSC. Other subsidiaries are on the right track to meet their targets as assigned by the Corporation.

Assessing operating results ty so bong da truc tuyen individual department, overall, all units were on track with monthly and quarterly targets. Production met the need ty so bong da truc tuyen customers’ orders; product portfolio and designs have been adjusted and diversified to meet market demand. Quality control ty so bong da truc tuyen input materials has gradually been strengthened. Labor inefficiency has been reduced thanks to further investment in units, focusing on the set plans. Viglacera Float Glass, which operates highly effectively, continues to maintain its focus on revenue and profit targets, making use ty so bong da truc tuyen lower prices ty so bong da truc tuyen fuel resources; the quality ty so bong da truc tuyen white and color glass meets TCVN-TC.EN standard. The cumulative profit ty so bong da truc tuyen the first nine months reached 173% as compared to the annual plan, with return on sales ty so bong da truc tuyen 13.3%.

As regards investment: The project ty so bong da truc tuyen investing in Low-e glass production lines has brought about good results, promoting effectiveness and meeting higher needs ty so bong da truc tuyen the society. Ongoing projects are on track, including: changing to compressed natural gas (CNG); super white float glass with the capacity ty so bong da truc tuyen 600 tons/day in Vung Tau; super white rolled glass with capacity ty so bong da truc tuyen 650 tons/day in Yen Phong; super white rolled glass with capacity ty so bong da truc tuyen 250 ton/day in Dap Cau; Vai Hai eco resort; My Xuan A premium ceramic; extensive investment in packaging production lines ty so bong da truc tuyen Packaging and Brake Pads JSC.

For production and business plans ty so bong da truc tuyen the beginning ty so bong da truc tuyen the 4th quarter and the whole year, continuing the momentum ty so bong da truc tuyen the first 9 months, Viglacera resolves to achieve and surpass overall targets assigned by the Ministry ty so bong da truc tuyen Construction and then adopted by the 2016 Annual Meeting ty so bong da truc tuyen Shareholders.

Some speeches at the meeting: