Vicostone targets for 9th consecutive year growth

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In 2021, Vicostone’s consolidated net revenue target is 6,797 billion dong, pre-tax profit is estimated at 1,919 billion dong, up by more than 20% and 15% respectively compared to the result in 2020.

Vicostone JSC (Ticker: VCS) has just announced the resolution of the Board of Directors to approve the business and production plan in 2021 to submit to the General Meeting of Shareholders for approval.

Vicones - Ảnh 1.

Vicostone’s 2021 consolidated business plan. (Source: VCS).

Specifically, consolidated net revenue target is 6,797 billion dong, pre-tax profit strives to reach 1,919 billion dong, up by more than 20% and 15% respectively compared to the result in 2020.

This plan is also the growth plan for the 9th consecutive year of Vicostone.

Vicostone đặt kế hoạch lãi hơn 1.900 tỷ đồng năm 2021 - Ảnh 2.

Source: M.H compiled from Vicostone’s financial statements.

For the parent company alone, Vicostone plans to increase net revenue by 18% to 6,511 billion dong, pre-tax profit to increase 12%, at 1,790 billion dong.

Regarding business results in 2020, Vicostone recorded net revenue of 5,660 billion VND, an increase of nearly 2% compared to 2019, pre-tax profit reached 1,668 billion VND, after-tax profit reached 1,428 billion VND, an increase of 1.3%. Compared with the last year. Earnings per share (EPS) in 2020 will reach VND 8,251.

Particularly, the results in the last quarter IV / 2020 are the most profitable quarter of Vicostone since its inception. Thanks to this result, Vicostone has completed the plan in the cautious scenario in 2020.

Source: vietnambiz.vn – Translated by fintel.vn