Binh Minh Plastic is targeting a revenue of VND4 trillion this year. - Photo ndh.vn
The Binh Minh Plastic Joint Stock Company (BMP) has decided to issue around 36.4 million bonus shares to raise its charter capital from VND455 billion (US$20 million) to VND819 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 VND1.256 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 VND832 billion, up 15 per cent over the same period last year. However, its after-tax profit decreased by 50 per cent to VND100 billion.
The company is targeting a revenue of VND4 trillion and a pre-tax profit of VND700 billion in 2017. - VNS