My Chau Packaging (HOSE: MCP) - the only metal packaging enterprise listed on the HOSE exchange to report after-tax profit in 2024 exceeding the plan by 35% and increasing by 173% over the same period, at the same time setting a goal of maintaining growth momentum in 2025, aiming to lead the Vietnamese metal packaging industry by 2030.
My Chau Printing and Packaging Joint Stock Company (HOSE: MCP) has just successfully held the 2025 Annual General Meeting of Shareholders (GMS), announcing its 2024 business results and business activities plan for 2025.
Increased profits, high dividends, clear digital strategy
According to the 2024 audit report, MCP recorded net sales and service revenue of VND 466.6 billion. Profit after tax reached 30.1 billion VND - exceeding the plan by 35% and increasing by 173% over the same period in 2023. This positive result comes from effective cost control, maintaining product quality and optimizing operating processes.
In 2025, MCP sets a target of net revenue from sales and service provision of VND 503.9 billion and pre-tax profit of VND 34.9 billion - respectively, 108% and 92% compared to 2024.
MCP has also approved a dividend payment plan for 2024 at a rate of 14% (4% cash, 10% stock), and committed a minimum dividend payment in 2025.
MCP continues to promote its sustainable development strategy with focuses on: improving product quality, optimizing production costs, shortening delivery time, upgrading management systems and investing heavily in digitalization and automation.
At the same time, MCP maintains international certifications such as FSSC 22000 version 6.0 to ensure quality and environmental standards in each product; contributing to continuing to affirm its pioneering role in the production of safe, environmentally friendly metal packaging.
Vision 2030: Leading the domestic metal packaging industry, minimum revenue of 700 billion VND/year
Established in 1978, My Chau Packaging is one of the oldest and most prestigious brands in the metal packaging industry in Vietnam. From a packaging manufacturing unit for exported foods, MCP has gradually built a modern system, producing packaging lines serving a variety of industries such as food, beverages, cosmetics and light industry.
After nearly 5 decades of development, MCP has affirmed its position with stable production capacity, strict quality control processes and the ability to quickly adapt to market demand. The enterprise is currently operating a factory system with the capacity to produce hundreds of millions of product units/year, serving the domestic and export markets.
By 2030, MCP aims to become a leader in the metal packaging market in Vietnam, with a minimum revenue of VND700 billion/year, owning 2 large factories and a total capacity of over 150 million products/year. The company aims to account for more than 20% of the domestic market share, leading in modern packaging printing technology and ecological packaging, while applying digital technology and automation in 50% of operational activities.
With a solid internal foundation, combined with a methodical investment strategy, MCP is gradually affirming its position as a leading partner in the field of printing and metal packaging production in Vietnam.
