With a payout ratio of 15% (1 share receives VND 1,500), BBC is expected to distribute over VND 28 billion in dividends to its shareholders. The estimated number of shares in circulation is nearly 18.8 million. The payment date is expected to be October 10, 2024.
Source: VietstockFinance
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From 2008 to 2017, BBC consistently paid out cash dividends to its shareholders at a rate of 10-16%. However, for two consecutive years (2018-2019), the company decided to suspend dividend payments to reinvest profits. In 2020, BBC resumed cash dividends at a rate of 36%, the highest in its history. Since this record-high dividend, BBC has maintained a cash dividend ratio of 15-20% over the past three years (2021-2023).
Source: Bibica
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As of December 31, 2023, PAN Group Joint Stock Company is the parent company and the only major shareholder of BBC, holding 98.3% of its capital, equivalent to more than 18.4 million shares, and is expected to receive nearly VND 28 billion in dividends from its subsidiary, BBC.
| BBC’s Business Results for the First Half of 2024 |
In terms of business performance, BBC achieved VND 619 billion in net revenue in the first half of 2024, a 39% increase compared to the same period last year. Additionally, operating profit increased by 17% to VND 16 billion, mainly due to a nearly 33-fold increase in unrealized foreign exchange gains, amounting to over VND 6 billion.
As a result, the company earned a net profit of over VND 26 billion, 9.1 times higher than the previous year, despite a 62% increase in selling expenses to nearly VND 133 billion.
For the year 2024, BBC targets VND 1,750 billion in net revenue and over VND 110 billion in pre-tax production and business profits, representing an 18% and 6% increase, respectively, compared to the 2023 results. The company has achieved 36% of its revenue target and 26% of its profit target in the first six months.
| BBC Share Price Movement from the Beginning of 2024 to August 28, 2024 |
Due to the concentrated shareholder structure, BBC’s liquidity is relatively low, with only 340 shares traded daily. On the morning of August 28, 2024, BBC’s share price stood at the reference price of VND 50,200 per share, a 9% decrease from its peak of VND 54,900 per share on March 14, 2024.
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