Production & Business results of Viglacera Corporation - JSC outpeformed the plan of October 2019

On 04^th November 2019, Viglacera Corporation held a briefing to evaluate production and business results in October and implement objectives for the last 2 months of 2019. According to recorded results, Viglacera was closely following and completing the targets ratified at the General Meeting of Shareholders.

Based on the report made at the briefing, in October 2019, Viglacera Corporation accomplished the main targets, earning a profit of 111% of the month plan and its interest increased to 126 billion VND in comparision with the same period of 2018.

Mr Nguyen Anh Tuan - Deputy General Director of the Corporation reported on the results of production and business activities in October

In October, the parent company well-represented the leading role, took the first place on maintaining and achieving the targeted profit of  more than 73.9 billion VND, constituting 118% of the month plan, in which, the Real Estate Business (Leasing in Industrial Parks) continued to be highly profitable.

Directors of Departments / Departments under the corporation reported at the briefing

After a 03-month period of focusing on market promotion and new product research in the field of Construction Materials, there were signs of stability and positive changes as the revenue and profit gradually rose compared with previous months. Major export markets such as the America, South America and Europe, etc. continued to give positive feedback on Viglacera products.

Directors of Departments/Divisions and units under the Ceramic Tiles, Sanitary Ware Group reported at the briefing

Based on the results achieved in October, Viglacera has set a target plan for November 2019, speeding up solutions to improve product competitiveness, consolidate the production management process, capacity, research and restructure towards high value products and new products. Giving adequate concerns on solving problems arising in production and business activities with a view to completing the plans for months remained in the year, and the fourth quarter as committed.

General Director - Nguyen Anh Tuan directs at the briefing

In attempt to surpass Production and Business Plan of November 2019, Quarter IV of 2019 and prepare for the plan of 2020, General Director - Nguyen Anh Tuan directed the Departments/Division under the Corporation and each production/business unit to adhere to the production & business plans in the fourth quarter, specially other indicators such as revenue, inventory, outstanding loans, export, etc.; To continue strict management and control cost-reduction issues in all units, enhance product quality control, improve competitiveness; To promote export to relieve pressure from domestic competition; To assign business and investment plans of the whole Corporation in 2020; To schedule to stop the machinery and equipment maintenance during the Lunar New Year; and to Continue procedures of divesting the Corporation’s capital at its subsidiary units.