Viglacera Corporation – JSC (Ticker: VGC) plans to continue speeding up the investment progress of industrial parks and housing projects to improve efficiency and compensate for the decline in the building materials sector up when the outbreak returns.
Phong Dien industrial park of Viglacera. Photo: Thu Thuy
During the monthly meeting to evaluate the business results in July and deploy the production and business plan in August 2020, Deputy General Director Nguyen Anh Tuan said that Viglacera has completed the main targets such as pre-tax profit achieved. 102%, exports reach 123%.
In which, the parent company still maintains and completes the planned profit target. Notably, the real estate business, particularly industrial park leasing, continues to bring high efficiency to Viglacera with a profit ratio of up to 83%.
According to the Board of Management, at the end of July, the COVID-19 epidemic reappeared in the community in Da Nang and is now at risk of spreading across the country. The progress of the epidemic is very complicated, leading to the risk of social re-distance is very likely to happen again, which affects the material production activities of the Corporation.
At the meeting, General Director Nguyen Anh Tuan instructed the entire Corporation to proactively discuss solutions to new developments to ensure a dual goal of both preventing epidemics and developing production and business.
Viglacera’s business and production targets still follow the planned August plan. The Corporation will focus on production management, production technology and especially research and development of new products in the field of sanitary wares, paving bricks.
In addition, Viglacera will continue to accelerate the investment of industrial parks and housing projects to improve efficiency and offset the decline of the building materials sector when the epidemic breaks out.