Binh Minh Plastics Joint Stock Company (BMP) will finalize the list for its first interim cash dividend payment of 2025 on 18/11. The dividend rate is 65%, meaning each shareholder holding one BMP share will receive 6,500 VND. The payment date is scheduled for 8/12.

With over 81.86 million outstanding shares, Binh Minh Plastics requires over 532 billion VND to disburse the dividends. Nawaplastic Industries, the largest shareholder, owns over 45 million BMP shares, representing 54.99% of the capital. It will receive over 292.6 billion VND in dividends by the end of this year.

Nawaplastic Industries, a member of Thailand’s SCG Group, secured controlling interest in Binh Minh Plastics in 2018 by acquiring 24.2 million BMP shares from the State Capital Investment Corporation (SCIC). Prior to this, SCG's subsidiary became a major shareholder in Vietnam's largest listed plastics company in 2012. Nawaplastic is estimated to have spent approximately 2,750 billion VND to acquire its current stake in BMP.

Binh Minh Plastics has a consistent history of paying cash dividends. Since the Thai shareholder invested, the company has consistently distributed profits with a minimum dividend rate of 20% and a maximum of 126%. Cumulatively, from 2012 to the present, Nawaplastic has received over 2,824 billion VND in dividends. This effectively means it has broken even on its acquisition of Binh Minh Plastics solely through dividend payments.

Furthermore, on the stock market, Binh Minh Plastics' shares currently trade at 170,900 VND per unit. Thus, the volume of BMP shares owned by SCG's subsidiary is valued at nearly 7,700 billion VND, 2.8 times its initial capital outlay.

SCG is a conglomerate operating in cement and building materials, packaging production, and petrochemical products. The group established its presence in Vietnam in 1992, following the enactment of the amended Law on Foreign Investment. Through numerous mergers and acquisitions (M&A), SCG now controls several companies in Vietnam, including Duy Tan Plastics, Tin Thanh Packaging (Batico), and Bien Hoa Packaging (Sovi). Additionally, SCG is the investor of a petrochemical complex project in Long Son commune, Ho Chi Minh City (formerly Ba Ria - Vung Tau province), with an investment capital of approximately 5 billion USD.

Binh Minh Plastics reported positive business results, with third-quarter revenue increasing by 9% to over 1,530 billion VND. Gross profit margin reached approximately 48%, its highest level since 2018, when the company became a subsidiary of Nawaplastic Industries. After-tax profit reached 350 billion VND, the highest in its 48-year operating history.

For the first nine months of the year, BMP's revenue exceeded 4,220 billion VND, and after-tax profit reached 967 billion VND, representing increases of 19% and 27% respectively compared to the same period last year. The company has achieved nearly 92% of its full-year profit target.

Tat Dat