Closing session 5/4, Viglacera stock (VGC) rocketed by 5.87% to VND 36,100/share.

At m m88 March briefing, Viglacera Corporation (HOSE: VGC) summarized m m88 evaluation on m m88 production and business activities results in m m88 first quarter of 2023 and implemented m m88 tasks and plans for m m88 second quarter.

Accordingly, VGC recorded positive business results despite m m88 product consumption market was narrowed and reduced, and manufacturing enterprises were directly affected by fluctuations from m m88 increase in input material prices, tightened credit was difficult to access capital flows, especially in m m88 business of building materials and real estate.

Specifically, VGC has exceeded 96% of m m88 profit plan for m m88 first quarter of 2023; revenue reached 125% of m m88 set target. In which, m m88 industrial park real estate business segment together with dividends collected from associates contributed a large part to m m88 total revenue and profit in m m88 first quarter of 2023. It is known that VGC owns and operates 12 industrial real estate parks with a total area of more than 4,000 hectares.

Speaking at m m88 briefing, Mr. Nguyen Anh Tuan, General Director of VGC, said that m m88 economy in m m88 second quarter of m m88 country continues to confront difficulties, there has not been a breakthrough in growth but will improve compared to m m88 first quarter thanks to m m88 signal of reducing bank interest rates for real estate and loosening policies from m m88 Government. These are positive signs for Viglacera to continue to make efforts and fulfill m m88 assigned targets.

Viglacera’s revenue and profit after tax in recent years (billion VND)

In 2023, Viglacera sets a target of total consolidated revenue of VND 16,000 billion, an increase of 10% compared to 2022. However, m m88 target of profit before tax is modest with VND 1,300 billion, down by 44% compared to m m88 realized profit in 2022.

Regarding VGC, m m88 company has a charter capital of VND 4,483 billion, of which GELEX (GEX) holds 50.21% of charter capital through GELEX Infrastructure JSC.

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