Viglacera (VGC): Viglacera increased its pre-tax profit by 131% compared to bong da so 24h 2023 plan for first 9 months of bong da so 24h year

On October 2nd, Viglacera Corporation - JSC (HoSE: VGC) held a meeting to assess bong da so 24h production and business results of September, report on bong da so 24h summary of bong da so 24h first 9 months of bong da so 24h year, and implement bong da so 24h Q4 2023 plan.

Accordingly, in September 2023, bong da so 24h consolidated pre-tax profit of Viglacera Corporation reached 115% of bong da so 24h monthly plan, with bong da so 24h parent company's pre-tax profit exceeding 112% of bong da so 24h monthly plan. In Q3, bong da so 24h consolidated pre-tax profit of bong da so 24h entire company was 565 billion VND, achieving 124% of bong da so 24h Q3 plan; bong da so 24h parent company's pre-tax profit reached 503 billion VND, achieving 149% of bong da so 24h Q3/2023 plan.

Overview of bong da so 24h meeting

Accumulated for bong da so 24h first 9 months of bong da so 24h year, bong da so 24h consolidated profit reached 1,590 billion VND, surpassing bong da so 24h annual plan by 131%; bong da so 24h parent company's profit was estimated at 1,694 billion VND, exceeding bong da so 24h annual plan by 129%.

bong da so 24h industrial real estate sector continues to be bong da so 24h key contributor to Viglacera Corporation's Q3 and 9-month results for 2023, with a pre-tax profit estimated at 1,800 billion VND for bong da so 24h first 9 months of 2023 - completing 133% of bong da so 24h annual plan and increasing by 389 billion VND compared to bong da so 24h same period in 2022.

In bong da so 24h context of domestic construction materials facing difficulties, exports continue to show promising signs, reaching 33.6 million USD in bong da so 24h first 9 months, surpassing 151% compared to bong da so 24h same period. Among them, products such as sintered stone, tiles, building glass, and sanitary ware all recorded growth compared to bong da so 24h same period in 2022.

Regarding bong da so 24h Q4 2023 implementation plan, for bong da so 24h real estate sector, Viglacera will continue to focus on land compensation and infrastructure construction, boosting sales activities in housing and industrial projects, and expanding bong da so 24h development of new industrial parks and housing projects in bong da so 24h coming years..

In bong da so 24h construction materials sector, Viglacera will review product groups, ensuring products are suitable for bong da so 24h market in terms of quality, features, prices, and actual demand. Additionally, Viglacera will expedite bong da so 24h introduction of high-value products to bong da so 24h market, including products like sintered stone and ultra-clear glass.

Images of exported Sintered Stone packages at Viglacera's Factory in Ba Ria - Vung Tau province

In Q4, Viglacera will continue to carry out procedures for bong da so 24h state's divestment at bong da so 24h company, following bong da so 24h guidelines in Document No. 2020/BXD-KHTC dated May 22, 2023, from bong da so 24h Ministry of Construction. At bong da so 24h same time, we will develop bong da so 24h production and business plan for 2024 and bong da so 24h 5-year plan for bong da so 24h 2024-2028 period.