PVI Holdings, Vietnam’s 2d- biggest indexed insurer,
forecast first-1/2 income will beat its target by way of 19 percent, buoyed by
using an increase in non-existence- insurance sales.
After-tax profit for the first six months may be 95.5
billion dong ($4.5 million), at the same time as sales is expected at 4.17
trillion dong [$196.74 million], Chairman Nguyen Anh Tuan said in an interview
in his office in Hanoi the day past. full-year profit can be 259.2 billion dong
[$12.3 million], 6.nine percent more than targeted, Tuan stated.
Non-life revenue rose 9.2 percentage within the January-June
length to 3.14 trillion dong [$148.15 million], in step with Tuan.
PVI, partly owned through Talanx AG, Germany’s 0.33-biggest
insurer, plans to establish a monetary offerings unit subsequent quarter. known
as PVI Asset control, the unit will have capital of among 50 billion dong and a
hundred billion dong [$2.36 million and $4.718 million] Tuan stated.
The organization’s shares dropped 1 percentage to 19,six
hundred dong yesterday, paring this 12 months’s advance to eight.3 percentage.
The benchmark Ho Chi Minh inventory Index has jumped 19 percentage.
HDI-Gerling Industrie Versicherung AG, a unit of Talanx,
owns a 33.06 percent stake in PVI, consistent with records compiled through
Bloomberg. Vietnam Oil & gas institution is the largest shareholder with
36.89 percent.
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