Construction material maker Viglacera’s profits hit VND1 trillion for first time
Construction material manufacturer Viglacera Corporation (VGC)’s pre-tax profit hit a record high of more than VND1 trillion (US$44.3 million) in 2017 for the first time, the company recently announced.
The company’s revenue in the year totalled nearly VND16.5 trillion (US$727.1 million), up 2% against the yearly plan and 13% higher than the previous year’s result.
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| Construction material manufacturer Viglacera Corporation’s pre-tax profit hit a record high of more than 1 trillion VND. (Photo: viglacera.vn) |
VGC’s strong performance was buoyed by significant contributions of its members like Viglacera Float Glass Company, Viglacera Ha Long Joint Stock Company, Viglacera Infrastructure Development and Investment Company and Viglacera Real Estate Company.
Also in 2017, the corporation put up 120 million shares coded VGC for sale. Under the Employee Stock Ownership Plan, the company increased its chartered capital to VND4.48 trillion (US$197.3 million) and reduced state ownership to 53.97% by the end of 2017.
This year, the company eyes a 6% growth in pre-tax profit and plans to make a 9% dividend payout.
