keo bong da 88 Viglacera officially listed VGC on HOSE

Positive movements 

In Quarter I of 2019, Viglacera continued to create impressive results with two-digit growth rate. keo bong da 88 financial report of keo bong da 88 Corporation shows that keo bong da 88 revenue achieved 2.269 billion dong, profit after tax reached approximately 180 billion dong, which in turn were 24% and 51% higher than keo bong da 88 same period last year. keo bong da 88 dividend of keo bong da 88 Parent company is 159 billion dong, which increased 54%.

As estimated by investors, keo bong da 88 strengths of Viglacera are huge production capability especially in material building and real estate industry (industrial zone infrastructure, urban area and so on), having lots of valuable assets and positive financial structure & cash flow.

In building material industry, up to now, VGC accounts for 36% of domestic building glass production capability with 2 factories manufacturing float glass, 1 factory manufacturing energy saving glass and 1 factory manufacturing after-glass products. keo bong da 88 total volume of glass manufactured within a year is approximately 60 million m2.

keo bong da 88 Corporation also accounts for 11% of Sanity ware, 3% of ceramic tile and 12% of granite tile production capability. Each year, Viglacera provides keo bong da 88 market with more than 1.5 million sanity ware products, 12,5 million m2 cotto tiles, 28,7 million m2 ceramic-granite tiles, 353 million building bricks and almost 4,1 million m2 roof tiles.

In keo bong da 88 industrial zone infrastructure field, VGC owns 12 industrial zones with keo bong da 88 total area up to 3177,5 ha, much larger than other enterprises in keo bong da 88 same industry (KBC, ITA, LHG and so on) in which 717 ha was leased to various big partners from Korea and Japan such as Samsung, Canon, Orion, Sumitomo...

VGC also owns 12 urban areas, many housing and leasing office projects with keo bong da 88 total area of 201 ha. Lots of projects are located at advantaging locations in Hanoi and are highly evaluated about keo bong da 88 potential to generate profit.

keo bong da 88 financial report of VGC showed that keo bong da 88 total assets of Viglacera until end of Quarter I – 2019 was 17.155 billion dong, which increase 600 billion dong compared to keo bong da 88 beginning of keo bong da 88 year.

Maintain keo bong da 88 leading position in a competitive market 

Having large operation scale and a stable position in keo bong da 88 market, however, as many other enterprises in building material manufacturing and real estate field, Viglacera is having to face lots of challenges from keo bong da 88 market originating from keo bong da 88 slowing down of keo bong da 88 whole industry and keo bong da 88 intensive competition of keo bong da 88 market.

Therefore, Viglacera is in keo bong da 88 process of moving forward, and effectively restructuring. When keo bong da 88 efficiency of using assets and capitals of VGC is improved, it’s certain that keo bong da 88 business efficiency of keo bong da 88 Corporation will keep rising up in keo bong da 88 future.

One of keo bong da 88 highlight in keo bong da 88 effort to restructure keo bong da 88 Corporation is divesting in businesses which are not effective and focus on optimizing cost and investing on products bringing high value to keo bong da 88 company. For example, My Xuan porcelain factory and Phu My super-white glass factory were invested to create competitiveness and a special product line for VGC in keo bong da 88 long run. For another example, keo bong da 88 roof tile products were restructured by decreasing volume of tradition roof tile products and instead of that produce more adobe bricks, tegulars, sheathing boards and other high-value products.

One noticeable achievement of Viglacera in 2019 is in keo bong da 88 industrial zone real estate field. A plentiful amount of FDI and keo bong da 88 wave of moving production into Vietnam are factors which strengthen keo bong da 88 industrial zone leasing activity of Viglacera Corporation. keo bong da 88 industrial zone leasing and managing revenue in 2018 was recorded to increase 44% and 54% compared to 2017 and keo bong da 88 revenue is expected to get a lot better in 2019. keo bong da 88 gross margin of keo bong da 88 whole field also reached to a very high level – 40%. Viglacera ‘s industrial zones such as extended Yen Phong, Dong Van IV, Phu Ha … are all located at locations which are convenient for transportation, have fully equipped infrastructure so they all have potential to be filled up very soon. keo bong da 88 leasing price could increase in 2019 due to keo bong da 88 increase in demand. Together with keo bong da 88 positivity in industrial zone leasing industry, keo bong da 88 social housing and worker housing projects in industrial zones are also predicted as positive in sales.

Other civil real estate projects of Viglacera are predicted to continue generating profit because keo bong da 88 locations are convenient for accommodating and leasing offices are often located at keo bong da 88 center areas of cities.

With Viglacera’s current effort to restructure and having strategic investors owning a huge quantity of shares in VGC, investors all predicts that keo bong da 88 efficiency of using assets, capitals and operation structure of CGV will have positive movement in keo bong da 88 future. Besides, having a huge operation scale, market leading position and valuable real estate, VGC is evaluated to have huge attractiveness to investors, especially on HOSE.