Traphaco organized a Preliminary Conference for the first 6 months of 2020

On July 2^nd, 2020, Traphaco Joint Stock Company held a Preliminary Conference for the first 6 months of the year and implemented the plan for the last 6 months of 2020 in Ninh Binh. Attending the conference were Mr. Nguyen Anh Tuan - Vice Chairman of the Board of Directors, Mr. Tran Tuc Ma - General Director with the Board of Directors of the company and its subsidiaries, leaders of departments, divisions, divisions and branches throughout Traphaco system.

General Director Tran Tuc Ma speaks at the conference

The first 6 months of 2020 are difficult for the economy in general and for the pharmaceutical industry in particular. The COVID-19 pandemic had a serious impact on the population. People's income decreased, purchasing power decreased, especially in the period of social distancing. People give priority to buying anti-epidemic goods and consuming essential goods. As a result, most of pharmaceutical companies' revenue declined during the season.

Immediately after the Lunar New Year holidays - when the epidemic showed signs of increasing, the company leaders quickly assessed the situation and created many solutions such as: Implement social distancing and epidemic prevention measures according to regulations; The company issued regulations on employee health care, reasonable layoffs and online work arrangements; Salary support for employees in accordance with regulations. 100% of employees are safe and healthy during the epidemic season and still commit to have sufficient product output; Establish an online consulting group to support online consumers; Increasing communication on digital channels ...

With clear and specific key solutions from the beginning of the year, the flexible direction of the Board of Directors and the consensus of the employees, Traphaco has achieved some outstanding results such as: Completed the targets of profit and revenue compared to the set plan, consolidated revenue reached 850 billion dong, increased 7%, profit reached 85.4 billion dong, increased 17% over the same period in 2019. Employee income increase 4.2%. Maintained the validity of GACP certificates for 5 medicinal herbs and successfully registered GACP for 01 new medicinal herb (Ginkgo biloba). Successfully produced the product of Boganic Herbal Tea, initially deployed to the market, which received many positive signals from consumers. Actively looking for imported products to distribute, in March 2020, signed contracts for 8 new products, revenue of new exploited products reached 11.8 billion VND.

During the epidemic season, Traphaco tried its best to participate in the production and supply of anti-epidemic products, and promptly launched a dry hand-washing solution to serve the market. Fast and effective communication helped promote Traphaco brand and boosted sales of eye & nose drops, mouthwash, immune system booster, ... and actively supported the operation of the Consulting Group. online. Good financial management and cost control. Risk management in the whole system to meet legal requirements and fluctuations of the market economy.

Mrs. Nguyen Thi Hau - Production Director, Deputy Head of Strategy implementation report on implementation of work in the first 6 months of 2020

In the first 6 months of 2020, Traphaco culture in the new phase was implemented with reasonable communication steps from senior level to staff level, synchronous from parent company to subsidiaries, creating new motivation and mindset for enterprise.

In addition, there are still some shortcomings such as: ETC revenue, dairy products have not reached the plan due to the great impact of Covid-19 epidemic and fierce competition; new products with unsatisfactory sales ...

Mrs. Nguyen Thi Vinh Hue - Head of Organization and Personnel Department reports on the implementation of Traphaco culture in the new phase

According to the forecasts about the economic situation in the last 6 months of the year, there are still many difficulties, epidemics in the world are complicated, so the completion of revenue and profit for the whole year requires the whole company to make great efforts. However, with the determination and spirit of Traphaco culture in the new phase, the entire Board of Directors and employees believe and continue to implement 5 major solutions in 2020 and propose long-term solutions for Traphaco to complete the plan for the last 6 months of 2020 and develop sustainably.

Mr. Nguyen Anh Tuan - Vice Chairman of the Board of Directors speaking at the Conference