Viglacera spent nearly $ 100 million to build Yen Phong Industrial Park II-C 220ha

Deputy Prime Minister Trinh Dinh Dung has just approved a policy of investment in the construction of a technical infrastructure system of Yen Phong II-C Industrial Park (Bac Ninh) with the investment capital of VND2,234 billion. area of ​​219.22ha.

The Yen Phong II-C industrial zone project is located in Cho town and Dong Tien commune, Tam Giang district, Yen Phong district, Bac Ninh province. Investor of the project is Viglacera Corporation – JSC (HNX: VGC).

The project has a size of 219.22 hectares with investment capital of VND2,234 billion, of which VND 357.4 billion is contributed by investors, VND 558.5 billion is from loans and VND1.318 billion is from other sources.

Duration of implementation of the project 50 years from the date of investment policy. The progress of the project in 5 years since the investment policy.

Deputy Prime Minister Trinh Dinh Dung assigned People’s Committee of Bac Ninh province to be responsible for the capacity of selected investors to meet the conditions stipulated by law; Instructing the investor to continue to complete the project according to the opinions of the Ministry of Planning and Investment and concerned ministries and branches.

At the same time, the Deputy PM asked that the project can only be implemented after the approval of the master plan for the construction of Yen Phong II Industrial Park.

Provincial People’s Committee of Bac Ninh province directed Bac Ninh Industrial Park Management Board to specify the commitment of investors on the progress of the project, progress of capital contribution and capital mobilization, The project shall be put into operation, the progress of each phase; Investment incentives in accordance with the law on investment and relevant laws; Organizing the inspection and supervision of the process of project implementation.

In Q2 / 2018, Viglacera’s consolidated net sales came to VND2,350 billion, up 3.7% y / y. gross profit was VND 561 billion, equal to the same period last year.

However, with financial income increasing 8 times to VND47 billion, VGC’s pre-tax profit was up 13% y / y to VND300 billion.

VGC’s second quarter results were good but still not enough to bring the 6-month growth over the same period.

Ending the first half of the year, net revenue of VGC was 4,180 billion dong, down 2.5%; Six-month pre tax profit came to VND447 billion, down 12.4% y / y.

Asset, as at June 30, 2018, total assets of VGC reached 16,618 billion, up 584 billion compared with the beginning of the year, equivalent to 3.6% increase. Of which, short-term assets were VND6,840 billion; Long-term assets are VND9,778 billion.

VGC’s debt as of June 30, 2012 is VND 9,585 billion, up 3% from the beginning of the year. Remarkably, short-term debt increased by 23% to VND1,564 billion.

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