Viglacera (VGC): Consolidated Profit of bao bong da so Parent Company Achieves 143% of bao bong da so August 2023 Plan

On bao bong da so morning of September 5, 2023, Viglacera Corporation - Joint Stock Company held a meeting to evaluate bao bong da so results of its business operations in August, bao bong da so accumulated results for bao bong da so first 8 months of bao bong da so year, and bao bong da so implementation of plans for bao bong da so remaining months of 2023.

Overview of bao bong da so meeting

According to bao bong da so report presented at bao bong da so meeting, despite various market impacts related to fluctuations in raw material prices and financial factors, bao bong da so production and business activities of Viglacera Corporation (VGC) have continued to perform well. bao bong da so company achieved its consolidated profit target for bao bong da so entire corporation since July 2023. In August 2023, bao bong da so consolidated profit of bao bong da so entire company continued to grow, reaching VND 150.9 billion, achieving 107% of bao bong da so monthly plan and 121% of bao bong da so 8-month plan for bao bong da so year. Specifically, bao bong da so Parent Company's profit reached 143% of bao bong da so August plan and 117% of bao bong da so annual plan for 2023.

Profit before tax for bao bong da so first 8 months of 2023 (in billion VND)

A significant contributor to Viglacera's business results is bao bong da so Industrial Real Estate segment of bao bong da so Parent Company, which continues to maintain its leading position. In bao bong da so Construction Materials segment, there was outstanding performance in bao bong da so export business, with remarkable growth, particularly in bao bong da so Tiles category with a 134% increase and building glass with a 33% increase compared to bao bong da so same period in 2022, surpassing bao bong da so August plan for 2023, which was recognized and appreciated by bao bong da so General Director.

In bao bong da so final months of 2023, Viglacera will focus on intensifying its business activities, closely monitoring market developments, and investing in bao bong da so development of new products in line with bao bong da so direction of developing environmentally friendly building materials.

In bao bong da so real estate sector, Viglacera will concentrate on infrastructure construction in industrial zones, including Thuận Thành I, Tiền Hải, Phong Điền, Phú Hà, and Hải Yên, to attract both domestic and international enterprises. It will also invest in constructing housing for workers and establish a one-stop support center for social housing projects for workers and laborers in industrial zones to facilitate access to information and registration procedures.

Additionally, Viglacera will proactively review its monthly production and business activities for each unit and member company to closely monitor market developments, be flexible, and actively plan production to increase business efficiency.

In a period where bao bong da so market has not shown many signs of recovery and global and regional situations continue to be complex and unpredictable, with bao bong da so results achieved in bao bong da so first 8 months of bao bong da so year, Viglacera is confident in continuing to manage its production and business activities, ensuring bao bong da so completion of bao bong da so 2023 Plan targets approved by bao bong da so Shareholders' Annual Meeting, and laying bao bong da so foundation for future development in bao bong da so coming years.