- BMP reported positive Q2 2022 results — which are in line with the preliminary results announced in its investor call on July 21, 2022 — with revenue of VND1.6tn (USD66.7mn; +7% YoY and +15% QoQ) and NPAT-MI of VND145bn (USD6.2mn; +247% YoY and +14% QoQ).

- BMP’s Q2 2022 plastic pipe sales volume jumped 17% QoQ from Q1 2022’s low base to 26,400 tonnes. However, Q2 2022 sales volume dropped -13% YoY as the recovery of domestic construction activities post-COVID was sluggish. 

- Nevertheless, BMP’s gross margin jumped to 25.1% — a quarterly level not seen since Q3 2020. This strong margin expansion was thanks to input plastic prices correcting from 2021’s high base.