Monday, December 18 2017

VietNamNews

BMP issues bonus shares to raise charter capital

Update: May, 12/2017 - 14:00
Bình Minh Plastic is targeting a revenue of VNĐ4 trillion this year. - Photo ndh.vn
Viet Nam News

HÀ NỘI – The Bình Minh Plastic Joint Stock Company (BMP) has decided to issue around 36.4 million bonus shares to raise its charter capital from VNĐ455 billion (US$20 million) to VNĐ819 billion.

Money for the bonus shares will be sourced from the company’s development investment fund. At the end of 2016, the fund was worth VNĐ1.256 trillion.

Previously, BMP had approved a cash dividend payment at 40 per cent.

In the first quarter of this year, BMP earned a revenue of VNĐ832 billion, up 15 per cent over the same period last year. However, its after-tax profit decreased by 50 per cent to VNĐ100 billion.

The company is targeting a revenue of VNĐ4 trillion and a pre-tax profit of VNĐ700 billion in 2017. - VNS

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