Cement Corporation sets revenue target

Tuesday, Jan 08, 2019 07:58

Viet Nam Cement Industry Corporation is targeting more than VND3.2 trillion in revenue this year. — VNA/VNS Photo Viet Y

Viet Nam Cement Industry Corporation (VICEM) targets a net revenue of VND40 trillion (US$1.72 billion) this year, a level that would mark a year-on-year increase of 10 per cent.

The pre-tax profit is expected to be more than VND3.2 trillion, said General Director of VICEM Bui Hong Minh at a conference held in Ha Noi on Monday to review the firm’s 2018 results and set plans for 2019.

To achieve the goal, Minh said the corporation would produce and consume 31 million tonnes of coal. It would further invest in technology to raise its production capacity and set up programmes to save natural resources.

In terms of consumption, VICEM will apply Industry 4.0 technology in sale management, distribution and e-invoices.

Minh said the corporation had completed its 2018 tasks assigned by the State and the Ministry of Construction as it had maintained high-yield production to reduce production prices.

Last year, VICEM earned VND37 trillion in revenue, 10 per cent higher than that in 2017. It made more than VND2.8 trillion in pre-tax profit, up 11 per cent. — VNS

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