The business results of Viglacera in 11 months exceeded 27% of the profit plan in 2022

On the morning of December 02, 2022, Viglacera Corporation – a member unit of GELEX Group held a monthly meeting to evaluate the performance results in November, accumulation in 11 months of 2022 as well as review and develop the production and business plan for 2023. The results of production and business activities of the whole Corporation have basically followed the set plans.

Accordingly, the consolidated profit of the Corporation in the first 11 months of the year reached 127% of the year plan and exceeded 59% compared to the same period last year; the parent company’s profit reached 132% of the year plan.

The domestic market entered a period of difficult economic due to the general challenges of the world economy. Directing at the meeting, the Corporation’s leaders requested the units to focus on closely following market fluctuations in order to take the initiative in business plans; System stabilization; Review inventory and debt; The export work focuses on exploring and expanding the US and European markets, etc. Mr. Nguyen Anh Tuan – the General Director of the Corporation directed functional departments of the Corporation to directly participate in the market by building material segments, focusing on restructuring, and system administration, and always being ready to respond to market fluctuations as well as business conditions when the economy recovers.

Overview of the monthly briefing

With the result of the main target of Profit before tax, the Corporation exceeded the set plan in 2022. In December, the whole Corporation will focus on solutions to reduce debt, reduce inventory and boost consumption. It also developed plans to stop maintenance furnaces at production plants during the Tet holiday, ensure safety, and express interest in the well-being of workers during the Lunar New Year.