Results for soi keo bong da first 7 months of soi keo bong da year show that Viglacera has exceeded soi keo bong da profit target set for soi keo bong da year 2023.

On July 31st, keo bong da (HoSE: VGC) held a meeting to evaluate the business performance for the month of July, the cumulative 7 months of the year, and to discuss the plan for the remaining months of 2023.

In July 2023 alone, soi keo bong da consolidated pre-tax profitreached296 billion VND, achieving 150% of soi keo bong da monthly plan. soi keo bong da pre-tax profit of soi keo bong da Parent Company reached 323 billion VND, exceeding soi keo bong da monthly plan by 149%.

Full view of soi keo bong da meeting

For soi keo bong da cumulative 7 months of soi keo bong da year, soi keo bong da consolidated profitreached1,321 billion VND, achieving 109% of soi keo bong da yearly plan and surpassing soi keo bong da 2023 profit target set by soi keo bong da Shareholders' General Meeting. soi keo bong da Parent Company's profit reached 1,514 billion VND, achieving 116% of soi keo bong da yearly plan set by soi keo bong da Board of Directors and 103% compared to soi keo bong da same period in 2022.

As a result, considering soi keo bong da pre-tax profit target of soi keo bong da entire corporation being 1,210 billion VND and soi keo bong da Parent Company's target being 1,310 billion VND, by soi keo bong da end of July, soi keo bong da Consolidated Profit of soi keo bong da Corporation exceeded 9%, and soi keo bong da Parent Company's profit surpassed soi keo bong da Shareholders' Meeting's plan by 16%.

These results were achieved as Viglacera leveraged its strengths in soi keo bong da real estate business sector. soi keo bong da cumulative pre-tax profit for soi keo bong da Real Estate divisionreached1,495 billion VND, surpassing soi keo bong da 2023 plan by 110% and increasing by 118 billion VND compared to soi keo bong da same period in soi keo bong da previous year. soi keo bong da profit from business of industrial zones reached 87% of soi keo bong da yearly plan, accounting for 96% of soi keo bong da total profit and increasing by 151 billion VND compared to soi keo bong da same period in 2022. 

Viglacera's export of building materials was also a bright spot. During soi keo bong da first 7 months of soi keo bong da year, soi keo bong da cumulative export value increased by over 36% compared to soi keo bong da same period in 2022. Tiles and Construction Glass were two categories that experienced higher growth rates compared to soi keo bong da same period in 2022, with values exceeding 124% for Tiles and 10% for Glass, respectively. soi keo bong da Tiles division achieved a revenue growth of 224%, doubling compared to 2022 and currently holding soi keo bong da largest share in soi keo bong da total export revenue of soi keo bong da entire corporation, equivalent to 55%.

 Viglacera Industrial Park - Yen Phong II-C

For soi keo bong da plan in soi keo bong da remaining months of soi keo bong da year, in soi keo bong da real estate sector, Viglacera will focus on infrastructure construction at various industrial park projects, aiming to attract both domestic and foreign businesses. soi keo bong da company plans to hand over approximately 218 hectares of land throughout soi keo bong da year, contributing significantly to soi keo bong da overall revenue of soi keo bong da corporation. They will also expedite procedures for expanding industrial park projects, upgrading services at industrial parks to meet soi keo bong da land and investment demands of foreign investors in Vietnam.

However, soi keo bong da building materials sector is facing short-term difficulties due to a lack of significant market improvements. To address this, Viglacera will proactively implement measures to maintain business efficiency, such as adjusting production output according to market demand, reducing production costs, and conducting strong corporate management restructuring. soi keo bong da company will continue to research and develop new product designs based on consumer and investment trends, upgrading modern production lines at some factories, particularly focusing on environmentally friendly products like Energy-saving Glass, Aerated Concrete Blocks, and Fired Bricks, to meet soi keo bong da current global demand for sustainable construction materials.

In other sectors, Viglacera will closely monitor soi keo bong da market to ensure monthly consumption plans are met, adjust production output to match market demands, and reduce inventory levels at some units.