In the first 8 months of 2023, Viglacera (VGC) estimates VND1,463 billion profit and exceeds the yearly plan by 21%Monday, September 18,2023
AsemconnectVietnam - On September 5, 2023, Viglacera Corporation - JSC (code VGC - HoSE) held a meeting to evaluate the results of production and business activities in the first 8 months of 2023 and the plan for the last months of 2023.
According to the report at the meeting, in the context that the market still has many impacts on fuel price fluctuations as well as financial impacts, Viglacera Corporation's production and business activities still maintain and well developement. Soon to complete the consolidated profit target of the Corporation from July 2023, the consolidated profit result of the Corporation in August 2023 continued to grow, with a profit of VND150.9 billion, reaching 107 % of monthly plan, accumulated in the first 8 months of 2023 recorded a profit of VND1,463 billion and completed 121% of the year plan. The parent company's profit alone reached 143% of the August plan and the cumulative first 8 months of the year reached 117% of the 2023 plan.
In which, the major contribution to Viglacera's business results is the Industrial Park Real Estate segment of the parent company which continues to promote its leading position. With the building materials segment having a bright spot, Viglacera's export business had a remarkable growth, the most obvious growth was in the group of ceramic tiles, which increased by 134% and construction glass by 33%, higher than compared to the previous year and exceeded the planned targets in August and the first 8 months of 2023, exceeded the set targets of the 2023 plan.
In the last months of 2023, Viglacera will focus on promoting business activities, following market developments, investing in the development of new products in the direction of developing green and environmentally friendly building materials.
For the real estate sector, Viglacera will focus on construction of technical infrastructure in industrial park projects such as Thuan Thanh I, Tien Hai, Phong Dien, Phu Ha, Hai Yen to attract businesses in the area and abroad; Investment in construction of worker housing areas.
At the same time, Viglacera proactively reviews monthly production and business activities for each group/field of activity, in detail for each member unit in order to keep abreast of market developments, flexibly and proactively plan production to increase business efficiency.
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