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Inside a Tien Phong Plastic Joint Inventory Firm manufacturing facility. (Picture courtesy of the corporate)
Hanoi (VNS/VNA) – Many plastic enterprises reported
elevated gross revenue within the second quarter of this 12 months because of decrease uncooked
materials costs.
Binh Minh Plastics Firm (BMP)’s income reached 1.56 trillion VND (66.7
million USD) in Q2, up 7% year-on-year. The corporate’s revenue after tax was 3.5
occasions greater than within the second quarter of 2021, primarily because of the
vital enchancment in gross revenue margin from 12.9% to 25.1%. The
enterprise attributed the rise in revenue to the lower within the value of
plastic uncooked supplies and unchanged promoting costs.
Tien Phong Plastic JSC (NTP) additionally recorded optimistic enterprise leads to Q2.
Particularly, income elevated 38% to 1.72 trillion VND (73.6 million USD).
Gross revenue doubled to 504 billion VND. Revenue margin was 29.3%, up sharply
from 19.9% within the second quarter of 2021. Nonetheless, monetary bills and
promoting bills each elevated sharply, particularly promoting bills quadrupled
to 232 billion VND, inflicting web revenue to rise by 26% to 177 billion VND.
Vietnam Plastic Company (VNP) reported second-quarter gross revenue margin
elevated from 0.45% to three.6%, gross revenue reached VNĐ2.4 billion, many occasions
greater than 316 million VND in the identical interval final 12 months. Nonetheless, the revenue
from joint ventures and associates decreased sharply from 34 billion VND to 11.5
billion VND, inflicting the corporate’s web revenue to lower by 46% in comparison with
the identical interval final 12 months to 16.4 billion VND.
Dong A Plastic Joint Inventory Firm (DAG) introduced second quarter income
elevated by 8% to 633 billion VND, web revenue was 5 billion VND, many occasions
greater than 393 billion VND in the identical interval final 12 months. Gross revenue margin
elevated from 4.4% to five%.
Based on Bloomberg knowledge, the worth of PVC resin, the primary materials for
making plastic pipes and wires, has regularly cooled down after peaking at
$1,850 per tonne on the finish of October 2021. By the tip of June, the worth fell
to $1,000 per tonne, down 46% from the height and to the worth vary in September
2020, 23% decrease than the identical interval final 12 months.
BVSC Securities believes {that a} beneficial PVC value will assist Binh Minh
Plastics Firm (BMP)’s second half 12 months earnings improve sharply. It
enterprise leaders stated that that they had no plans to regulate the promoting value from
now till the tip of this 12 months, which signifies that the promoting value will stay
at a excessive degree after many upward changes in 2021.
However, consumption quantity continued to recuperate because of extra
cheap metal costs after many changes to spice up civil building and
infrastructure actions within the second half of 2022, resulting in a rise in
demand for plastic pipes. On the identical time, the corporate plans to extend
market share within the Central and Central Highlands with a variety of campaigns
comparable to free transport for orders over 50 million and occasions to introduce
merchandise and insurance policies for mission prospects.
An Phat Holdings (APH) has two predominant enterprise segments, plastic merchandise and
plastic resin buying and selling. Due to this fact, the lower within the value of plastic resins
within the second quarter helped enhance the revenue margin of packaging,
engineering plastics and building plastics, however the plastic resin buying and selling
phase decreased.
The plastic resin buying and selling phase accounted for 62-44% of the group’s whole
income, inflicting the general gross revenue margin to lower. Particularly, the
gross revenue margin of the plastic resin buying and selling phase decreased from 6% in
the second quarter of 2021 to 2.4%, the plastic product manufacturing phase
remained at 19.3%. General revenue margin decreased from 12.2% to 9.1%.
In the course of the quarter, the group reported a 35% improve in income to VNĐ5.08
trillion, and a slight lower in gross revenue from 450 billion VND to 444
billion VND. Improved monetary efficiency and lowered losses in joint
ventures helped APH’s web revenue improve by 54% to 29 billion VND./.
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