On April 26, 2022, Viglacera Corporation – JSC (stock code VGC) held the Annual General Meeting of Shareholders.
With respect to business and production results in 2021, the parent company’s revenue reached 5,559 billion VND, accounting for 111% of the plan assigned by the General Meeting of Shareholders; the Corporation – Joint Stock Company (consolidated) reached 11,194 billion VND, making up for 93% of the plan assigned by the General Meeting of Shareholders. In terms of pre-tax profit, the Parent Company reached VND 1,149 billion; the Corporation – Joint Stock Company (consolidated) reached VND 1,541 billion, up 53% and 54% of the plan assigned by the General Meeting of Shareholders, respectively. With these results, the dividend payout ratio in 2021 is expected to be 15%, up 3% compared to the plan.
Regarding the investment and development plan in 2022, Viglacera sets a plan for consolidated pre-tax profit to reach VND 1,700 billion and revenue of VND 15,000 billion, up 10% and 34% compared to 2021, respectively. The Parent Company sets a pre-tax profit target to reach VND 1,200 billion and revenue to reach 6,500 billion dong, up 4% and 17% compared to 2021, respectively. The dividend payout ratio is expected to be 16%.
For the real estate sector, VGC continues to synchronously invest in technical infrastructure in the industrial parks being deployed. To achieve the target in 2022-2023, the Corporation is preparing to invest and deploy new investment in about 2,000 hectares of industrial parks: Phu Ninh Industrial Park (Phu Tho), Dong Trieu Industrial Park (Quang Ninh), Tay Pho Yen Industrial Park (Thai Nguyen), the complex of Industrial Parks – Urban Areas – Services in Yen Bai…
In addition, Viglacera Corporation will continue to develop social housing and worker housing with projects in Dong Van IV Industrial Park, Phu Ha, Yen Phong – Bac Ninh… and commercial housing, resort tourism. In the plan 2022-2023, the Corporation prepares to invest and deploy new investment of about 200 hectares in the housing sector.
For more information about industrial parks developed by Viglacera, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com