HÀ NỘI — Ceramic manufacturer Viglacera Corporation (VGC) has posted a pre-tax profit of VNĐ534 billion in the first half of 2017, up 64 per cent year on year. Its net revenue was VNĐ3.87 trillion (US$170 million), up 2.7 per cent compared to the corresponding period in 2016. After the auction, State ownership of VGC dropped from 78.8 per cent to 56.7 per cent. Foreign investors showed interest in VGC’s shares, picking up 110 million, or 91.65 per cent, of the total offered shares. In the 2017-2020 period, the company plans to set up three more ceramic plants and increase its total capacity to 34 million sq.m, up 70 per cent.

Source: Viet Nam News July 13, 2017 11:01 UTC