Viglacera’s market cap tops US$1 billion

Saturday, Jan 08, 2022 07:56

Viet Nam’s largest building material manufacturer Viglacera had a great performance in 2021 with all of its financial indicators exceeding targets set for the year, according to the Ho Chi Minh Stock Exchange.

Viglacera was among dozens of companies reaching US$1 billion of market cap in 2021.

Its pre-tax earnings stood at VND1,575 billion (US$69.3 million), 46 per cent higher than the annual target. Profits hit a record high of more than VND1 trillion, up 56 per cent compared to 2020 figures.

In addition to excellent performance, the company also won many well-respected awards and came out on top of various ranking list, including the Top 10 prestigious industrial real estate companies, Top 5 prestigious construction and building materials companies, and Forbes’s 50 best listed companies in Viet Nam’s stock market.

The building material manufacturer also continued to make a name for itself as a Viet Nam National Brand in 2021.

The achievements can be attributed to the company’s efforts in sustainable development, its capability to manage risk and its adaptability to volatile situations.

Viglacera went public in 2014 to have its shares traded on Upcom from Q4/2015, with an initial market cap of about $130 million.

Its cap rose to $450 million in 2017 and topped $1 billion in December 2021. — VNS

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