Viglacera's 6 month summary: Parent company's profit is estimated at 1,210 billion, reaching 92% of the plan in 2023 - Gelex Holdings<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gelex.vn\/en\/news-en\/viglaceras-6-month-summary-parent-companys-profit-is-estimated-at-1210-billion-reaching-92-of-the-plan-in-2023.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Viglacera's 6 month summary: Parent company's profit is estimated at 1,210 billion, reaching 92% of the plan in 2023 - Gelex Holdings\" \/>\n<meta property=\"og:description\" content=\"On July 3, 2023, Viglacera Corporation – JSC (VGC) held a meeting to evaluate the results of production and business performace in the first 6 months of 2023. 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On July 3, 2023, Viglacera Corporation – JSC (VGC) held a meeting to evaluate the results of production and business performace in the first 6 months of 2023. Accordingly, the Corporation’s production and business performace continued to record positive results.\/em>\/p>\n

Overview of Viglacera’s meeting to evaluate production and business performace in the first 6 months of 2023\/em>\/figcaption>\/figure>\n
After only 6 months, Viglacera expects the consolidated net revenue of the Corporation to reach nearly VND 7,000 billion, of which the parent company will reach nearly VND 3,000 billion, completing 52% of the plan in 2023; profit before tax is estimated at VND 913 billion, completing 75% of the whole year’s profit in 2023, the parent company is close to the target of an estimated profit of VND 1,210 billion, completing 92% of the year plan.\/p>\n
In which, contributing significantly to the first six-month revenue and profit results in 2023 came from the real estate segment (especially in the industrial real estate segment), Viglacera has achieved remarkable success, with the expected revenue of the Real Estate segment reaching over VND 2,600 billion and the expected profit of VND 950 billion, fulfilling 90% of the profit plan. In addition, Viglacera recorded a profit of VND 310 billion in dividends received from its affiliate companies.\/p>\n
Viglacera’s Yen Phong 2C industrial park has successfully attracted many FDI investors\/em>\/figcaption>\/figure>\n
With 12 industrial real estate parks currently owned and operated, Viglacera has maintained its strong position by attracting 300 domestic and foreign businesses with over USD 16 billion in FDI, including many world-renowned companies. By 2025, Viglacera will increase the total number of industrial parks to 20 with over 10 new industrial parks with a total area of about 2,000-3,000 hectares.\/p>\n
It can be seen that these achievements are the result of Viglacera’s proper and determined development strategies, which have brought significant profits.\/p>\n
Since the beginning of the year, with a strong investment strategy in the industrial real estate segment, Viglacera has continuously conducted surveys, invested in projects, and implemented new industrial parks in locations with advantageous infrastructure, attracting investment and business opportunities.\/p>\n
In the building materials segment, Viglacera has focused on investing in technology, upgrading modern machinery and equipment, and production lines, especially in the production of environmentally friendly products such as energy-saving glass and aerated concrete blocks, etc. These products are gradually bringing positive and pioneering results in the Net Zero trend.\/p>\n
Viglacera participates in Net Zero – an opportunity for pioneer\/em>\/figcaption>\/figure>\n
The investment in the new Sacmi Continua+ production line is a key direction in the high-end large-size porcelain tile products, replacing imported products in the tiling segment. Viglacera also continues to expand its investment in the production of super white floating glass, leading the domestic businesses in supplying glass substrates for solar energy production. These are positive signs that reflect the sustainable development orientation of the company, focusing on technology, research, and development of green and environmentally friendly products.\/p>\n
It is clear that in the first half of 2023, Viglacera’s Real Estate and Building Materials segments have achieved good results in the context of the domestic GDP reaching only 3.72%, the real estate market slowdown, and reduced consumer demand. This success is attributed to the company’s BOD closely following management objectives, directing all production and business operations, maximizing market opportunities, and particularly controlling and managing risks.\/p>\n
With positive business results in the first six months, Viglacera is confident in achieving its targets set at the Shareholders’ Meeting, serving as a solid foundation and motivation for sustainable development in the coming years.\/p>\n
\/p>\n","protected":false},"excerpt":{"rendered":"
On July 3, 2023, Viglacera Corporation – JSC (VGC) held a meeting to evaluate the results of production and business performace in the first 6 months of 2023. Accordingly, the Corporation’s production and business performace continued to record positive results. After only 6 months, Viglacera expects the consolidated net revenue of the Corporation to reach […]\/p>\n","protected":false},"author":14,"featured_media":7036,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[],"class_list":["post-7051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-news-events"],"yoast_head":"Viglacera's 6 month summary: Parent company's profit is estimated at 1,210 billion, reaching 92% of the plan in 2023 - Gelex Holdings<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gelex.vn\/en\/news-en\/viglaceras-6-month-summary-parent-companys-profit-is-estimated-at-1210-billion-reaching-92-of-the-plan-in-2023.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Viglacera's 6 month summary: Parent company's profit is estimated at 1,210 billion, reaching 92% of the plan in 2023 - Gelex Holdings\" \/>\n<meta property=\"og:description\" content=\"On July 3, 2023, Viglacera Corporation – JSC (VGC) held a meeting to evaluate the results of production and business performace in the first 6 months of 2023. 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