Thursday, December 8 2016

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BCC to issue another 14.3 million shares

Update: September, 14/2016 - 10:37
Bỉm Sơn Cement JSC (BCC) has announced it would issue 14.3 million shares to pay dividends in the fourth quarter of 2016. — Photo tinnhanhchungkhoan.vn

THANH HÓA — Bỉm Sơn Cement JSC (BCC) has announced it would issue 14.3 million shares to pay dividends in the fourth quarter of 2016.

Accordingly, Bỉm Sơn Cement will issue another 14,349,209 shares, paying 15 per cent dividend for 2015.

MB Securities Company (MBS) had recently recommended to its customers to buy shares of the cement company at a price of VNĐ20,800 (US$0.93) per share.

Despite the difficulties in the real estate sector, Bỉm Sơn Cement has still shown good business results, thanks to the rising number of construction projects in central Thanh Hóa Province, where it is based, following the wave of investment in property from large real estate investors, such as Vingroup, FLC, T&T and HUD, MBS said.

The cement company, as a result, earned revenue of VNĐ2.2 trillion in the first half, an increase of 14 per cent compared with the same period last year. This year, the company has set a sale target of over VNĐ4 trillion and profit after tax of VNĐ260.6 billion. The company has, so far, achieved 54 per cent of this year’s plan.

The company, with charter capital of nearly VNĐ1 trillion, has its shares listed on the Hà Nội Stock Exchange since 2006. Till date, the shares have increased more than 46 per cent over the last year. Yesterday, each BCC share closed at VNĐ18,700 on the northern bourse. —VNS

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