Saturday, August 24, 2019 11:06:44 AM - Markets open
VN-INDEX 992.45 -4.81/-0.48%
HNX-INDEX 103.25 -0.24/-0.24%
UPCOM-INDEX 57.95 +0.01/+0.02%
VGC: Viglacera plans to reduce State ownership to 36%
http://vietnamnews.vn/ - 4/12/2018 3:45:35 PM
 (0 ratings. You must sign in to rate.)
State-owned glass and construction ceramic producer Viglacera will develop plans to reduce the State ownership in the firm to 36 per cent in May 2018.
 
The Government is expected to sell its remaining shares in Viglacera in 2019.
 
The State ownership ratio in Viglacera is now nearly 54 per cent and the Ministry of Construction is representing the Government to manage the State capital in the company.
 
The State’s shares will be sold via competitive bids, and the auction price will be the average of the prices recorded in the last 30 trading sessions prior to the bidding date.
 
Deputy general director Nguyễn Anh Tuấn said Viglacera had earned VNĐ1.63 trillion (US$72.7 million) in revenue and VNĐ144.3 billion in pre-tax profit in the first quarter of 2018.
 
The figures posted huge losses compared to the same period in 2017, Tuấn said at a brief meeting on Monday.
 
Viglacera targets VNĐ9.1 trillion in total revenue this year, down 1 per cent year on year, and VNĐ950 billion in pre-tax profit, up 4 per cent year on year.
 
According to the company’s management board, the market has become tougher in 2018, and the company has already predicted the difficulties it may encounter this year.
 
Sales of construction glass was good last year but became neutralised in 2018, while sales of ceramics had been affected negatively since the end of 2017 due to growing market supply.
 
As Viglacera holds a minor market share for these segments (some 5-6 per cent), they will continue to be the hardest for the company this year, the management board said.
 
The company will invest VNĐ2 trillion in new projects, a yearly increase of 28 per cent, including VNĐ758 billion on housing development and trading, VNĐ617 billion on industrial zone’s infrastructure and services, VNĐ529 billion on construction material production and VNĐ86 billion on research and development and human resources training. — VNS
 
Read original article here
Newer News
23/08 FUESSV50: Basket of component securities 23 Aug 2019
23/08 FUESSV50: Announcement after exchange trading 22 Aug 2019
23/08 E1VFVN30: Basket of component securities 23 Aug 2019
23/08 INN: Reviewed financial statement 2019
23/08 HHP: Report on result of the private placement
23/08 CTX: Notice of the record date for share issue to increase share capital from owner’s equity
23/08 BXH: Change in Business Registration Certificate
23/08 FUCVREIT: NAV week from 14 Aug 2019 to 20 Aug 2019
23/08 PVX: Notice of the record date for organizing the Extraordinary General Meeting of Shareholders of 2019
23/08 PTI: Board Resolution
Older News
12/04 HVN: Ministry to auction Vietnam Airlines’ share purchase rights
12/04 Vissan targets 18 per cent pre-tax revenue increase
12/04 Banks fulfill 25-30 percent of profit goal
11/04 HPG: Hoa Phat steel grows 10 percent in Q1
10/04 SBT to buy back 83.5 million shares
10/04 Vingroup enters pharmaceutical industry
10/04 HPG: Hoa Phat exports wire drawing steel to Laos, RoK
09/04 Moody’s upgrades VPBank’s credit rating for second year
06/04 TPBank heads to HSX at VND32,000 initial price
05/04 HVG: Seafood firm Hùng Vương to sell assets to offset losses
 
Newsletter Signup
Top Stories
Shrimp export to China sees positive signs
Post-merger stock exchange headquarters in Hanoi
Listed companies honoured for best investor relations
Reference exchange rate up 2 VND on August 7
VN has trade surplus of about $1.6 billion in H1
Market Update
Last updated at 3:10:01 PM
VN-INDEX 992.45 -4.81/-0.48%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.