BCC to issue another 14.3 million shares

September 13, 2016 | 15:38

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Bim Son Cement JSC (BCC) has announced it will issue 14.3 million shares to pay dividend in the fourth quarter of 2016.

Thanh Hoa-based Bim Son Cement JSC will issue 14.3 million shares to pay dividend in the fourth quarter of 2016. - Photo cafef.vn

Accordingly, Bim Son 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 VND20,800 per share.

Despite the issues in the real estate sector, Bim Son Cement has still shown good business results, thanks to the rising number of construction projects in Thanh Hoa 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 VND2.2 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 VND4 trillion and profit after tax of VND260.6 billion. The company has, so far, achieved 54 per cent of this year's plan.

The company, with charter capital of nearly VND1 trillion, has its shares listed on the Ha Noi Stock Exchange since 2006. Till date, the shares have increased more than 46 per cent over the last year. On September 13, each BCC share closed at VND18,700 on the northern bourse.

VNS

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