Viglacera: ty so bong da parent company's profit in ty so bong da first 6 months of 2018 is estimated at over 300 billion VND, exceeded 32% of ty so bong da plan

On July 2nd 2018, Viglacera Corporation held a meeting to assess ty so bong da business results in ty so bong da first 6 months and deploy production and business tasks in ty so bong da third quarter and ty so bong da last 6 months of 2018. According to ty so bong da results, Viglacera basically implement ty so bong da targets approved at ty so bong da Annual General Meeting of Shareholders on June 29th.

Overview of ty so bong da meeting

From ty so bong da beginning of 2018 up to now, ty so bong da construction material market is facing difficulties due to strong competition from domestic producers and import sources. However, with ty so bong da advantages of a parallel operation in ty so bong da fields of construction materials and real estate,Viglacera is estimated to achieve pre-tax profit of nearly 500 billion VND in ty so bong da first half of 2018, exceeded 3% of ty so bong da plan. ty so bong da parent company's profit was 300 billion VND, exceeded 32% of ty so bong da plan and reached 51% of ty so bong da full year target.

Particularly, ty so bong da parent company's profit accounted for 82% of ty so bong da total profit of ty so bong da whole Corporation, of which, ty so bong da major contribution to ty so bong da parent company's result is ty so bong da profit from ty so bong da Real Estate department (accounted for 64%).

Deputy General Director Nguyen Anh Tuan reported at ty so bong da meeting

Besides implementing ty so bong da business plan,Viglacera's equitization program has achieved many positive results such as ty so bong da successful mobilization of capital for development investment purposes, an increase in capitalization, ESOP program to support ty so bong da key projects of ty so bong da Corporation. Viglacera is following ty so bong da approved capital withdrawal plan of ty so bong da State.Moreover, Viglacera's stock (VGC) is considered as a long-term and effective investment channel by investors. Currently, ty so bong da number of Viglacera employees holding VGC shares is increasing strongly.

Based on ty so bong da results achieved in ty so bong da first half of 2018, Viglacera plans to achieve a pretax profit of 231,5 billion VND in Q3/2018 and 518,1 billion VND in ty so bong da last 6 months. ty so bong da parent company plans to reach 120,3 billion VNDand 288.5 billion VND in Q3/2018 and ty so bong da last 6 months respectively. With this plan, ty so bong da parent company's total profit in 2018 is estimated at over 600 billion VND, an increase of 7% compared to 2017.

General Director Nguyen Anh Tuan directed at ty so bong da meeting

In order to complete ty so bong da plan,General Director Nguyen Anh Tuan directed: "All departments of ty so bong da Corporation and subsidiaries should implement ty so bong da synchronous solutions to improve ty so bong da competitiveness of ty so bong da following products: building glass, tiles, terra cotta; Focus on ty so bong da development of new product designs, market development, especially export markets in order to reduce ty so bong da pressure on domestic competition; Implement investment in key projects, ensure ty so bong da progress and objectives of thesse projects; Prepare sufficient resources, conditions for operating and exploiting completed projects, as well as starting new projects in accordance with ty so bong da schedule."

ty so bong da results show that Viglacera actively follows ty so bong da planned targets with ty so bong da determination to complete ty so bong da business plan, ensuring ty so bong da dividend payout of 9.5%has been approved at ty so bong da Annual General Meeting of Shareholders 2018 and at ty so bong da same time, set ty so bong da foundation for ty so bong da roadmap to divest ty so bong da State capital in 2018 and 2019 under Decision No. 1232/QĐ-TTg dated 17/8/2017 of ty so bong da Prime Minister.

Some other photos at ty so bong da meeting:

Director of Viglacera Floating Glass - Nguyen Minh Khoa

Head of Viglacera My Xuan Sanitaryware project- Tran Huy Vinh

Director of Viglacera Thanh Tri - Nguyen ty so bong da Anh

Director of Viglacera faucet company - Nguyen Van Tien

Director of Viglacera Trading JSC - Nguyen Van Ly

Director of Viglacera Tien Son - Quach Huu Thuan

Director of Viglacera Ha Long JSC - Tran Hong Quang