April 2018: Viglacera completes its profit target
On the morning of May 3, Viglacera Corporation held a meeting to assess the business results in April 2018 and deploy the business plan in May 2018.
Overview of the meeting
From the beginning of 2018 up to now, with a strong increase in supply compared to 2017, the building material market is facing difficulties due to strong competition from domestic producers and imported sources. However, with the advantage of a simultaneous operation in building materials and real estate, Viglacera Corporation has completed basically the production targets in April, with the profit before tax reached 101% compared with the plan. In particular, the parent company’s profit before tax increased 24% compared with the plan.
Deputy General Director Nguyen Anh Tuan reported to the top executives of the Corporation the business results in April 2018 and business plans in May 2018
Based on the achieved results, Viglacera continues to set business targets for May 2018 with the targeted profit before tax increased 3.9%, revenue increased 29.9% compared with the results in April 2018.
General Director Nguyen Anh Tuan spoke at the meeting
In order to achieve the planned objectives of May 2018, General Director Nguyen Anh Tuan directed: "First, the Corporation, subsidiaries and associates continue to implement the plan of divestment and prepare the General Meeting of Shareholders in June 2018. Secondly, all units in the Corporation maintain stable production and business operation, control production costs, management costs to improve competitiveness. Thirdly, all trading and business units focus on stabilizing the market, distribution system, product development - new models, especially for wall tiles, sanitary ware and building glass. Fourthly, the Corporation focus on implementing the next steps, following the progress of projects in Cuba, forming the human resources in both building materials and real estate to establish the joint venture with Cuba partners.
The results showed that Viglacera is active in pursuing the planned objectives with the determination to affirm the effectiveness of the joint stock company model, creating a foundation for divesting state capital in 2018 and 2019 according to Decision No. 1232/QĐ-TTg dated 17/8/2017 of the Prime Minister.
General Secretary of the Communist Party of Vietnam Nguyen Phu Trong highly appreciated the Viglacera green products and projects for the community was introduced at the 60th anniversary of the Traditional day of the Construction industry in Vietnam.
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(18/04/2018)Lượt xem : 2929On the afternoon of April 16, 2018, the Cuban Deputy Minister of Construction Mr. Pedro Armando Milian Marante and the Cuban Ambassador Extraordinary and Plenipotentiary to Vietnam Mrs. Lianys Torres Rivera visited and worked with Viglacera Corporation at the headquarters of the Corporation - No. 1, Thang Long Boulevard, Hanoi.Read moreVIGLACERA received the Vietnam Property Awards 2018
(15/04/2018)Lượt xem : 2307In the first year of the Vietnam Property Awards 2018, the Dang Xa Social Housing Project invested by the Viglacera Infrastructure Development Investment Company has been selected as "Best Social Housing" in Vietnam by jury.Read more10 years of Vietnamese Excellent Brand recognition: Viglacera brand value confirmed by time and quality
(14/04/2018)Lượt xem : 2198With 10 consecutive years as Vietnamese Excellent Brand, Viglacera once again confirms the endless efforts of the coporation in building and developing the brand in domestic and international markets.Read more
