Bong Bach Tuyet Corporation aims for 40% revenue growth in 2025, strengthens the development of premium cotton products under the Calla brand, and expands into the Mother and Baby market.
Bong Bach Tuyet Corporation (UPCoM: BBT) has recently published documents for the 2025 Annual General Meeting of Shareholders, outlining its business strategies and plans to increase charter capital. The meeting is scheduled for April 8 in Binh Chanh District, Ho Chi Minh City.
In 2024, the company continued to face economic challenges; however, business performance improved. Revenue reached nearly VND 250 billion, exceeding the target by 24%. Net profit was approximately VND 21 billion, achieving almost 300% of the plan and tripling the figure from last year.
Bong Bach Tuyet has invested in and completed automation projects for its production lines to minimize manual labor. It has also upgraded the production process for its premium cotton pad brand, Calla, enhancing product quality to meet export standards.
In 2025, the leadership has set a 40% sales growth target. The company will focus on expanding its E-commerce (Ecom), Modern Trade (MT), and chain store channels (pharmacies, CVS, cosmetics stores, and convenience stores) while also expanding into the Mother & Baby product segment.
Recently, Bong Bach Tuyet signed a strategic partnership with Osaki Medical Group, becoming the exclusive market development partner for Dacco, a leading Japanese Mother & Baby care brand.
The company has set a revenue target of VND 340 billion, an increase of nearly 37% compared to the previous year. Operating profit is expected to grow 9% to VND 21.3 billion. However, pre-tax profit is projected to decrease by nearly 17% to VND 21 billion, due to the absence of extraordinary income.
Another key agenda item is the proposal to issue new shares to existing shareholders, aiming to double the company's charter capital to VND 196 billion.
The rights offering ratio is 1:1, meaning each shareholder holding one share can purchase one new share. The company plans to issue 98 million shares at VND 10,000 per share, significantly lower than the current market price of over VND 15,000.
The total expected proceeds from the offering are VND 98 billion, which will be used to increase working capital, including, but not limited to, settling due debts and signing new contracts with suppliers, banks, and other partners. The issuance is expected to take place in 2025 or at a later time determined by the Board of Directors.
Regarding profit distribution, the cotton pad and medical device manufacturer plans to allocate VND 4.9 billion to pay a 5% cash dividend for 2024. The remaining VND 16 billion will be retained earnings carried forward to the following year.
(According to Doanh nghiep & Kinh doanh)
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