AsemconnectVietnam - Vicostone Joint Stock Company (code VCS) estimated the revenue in the first quarter of 2020 reached VND 1,366 billion, up 20.68 percent over the same period of last year; Profit before tax reached VND 350 billion; profit after tax reached 303 billion, up 14.39 percent and 16.66 percent over the same period, respectively.

In 2020, VCS sets a target of VND 6,654 billion in sales of goods and services, an increase of 19.6 percent compared to 2019; 1,980 billion dong of the profit before tax of, an increase of 19.8 percent.
Therefore, after the first quarter, the Company expects to complete 20.5 percent of the revenue plan and 17.7 percent of the profit plan.
In 2020, the Company will carry out the digital transformation process according to the roadmap and continue to implement the strategy of localization of raw materials resources to improve the autonomy of over 95 percent of input materials.
Mr. Ho Xuan Nang, Chairman of the Company, said that the Company still produces normal, serious epidemic prevention and prevention costs is not limited especially for office staff, they work remotely.
With specific characteristics in industrial production with a large number of employees working in Hoa Lac Hi-Tech Park, the Covid-19 prevention activities were carried out comprehensively and closely. Fingerprint time attendance system has been replaced by card time attendance solution.
On the daily bus carrying staff between Hanoi and Hoa Lac Hi-Tech Park, masks are equipped for all staff, body temperature, hand sanitizer are carried out in both directions. Routes are disinfected 2 days/time.
Disinfection and body temperature measurements are performed at the entrance. The automatic disinfection system is prepared by the Group itself to disinfect cars operating in and out of the industrial park.
N.Nga
Source: Securities Investment Newspaper