MIC aims to achieve whole year pre-tax profit of 70b dong

Tran Van Quang, general director of Military Insurance Joint Stock Co (MIC) announced lately that the company set targets to reach total revenue of 600 billion dong, or 120 percent against that of 2010, in which the insurance premium counted for 535 billion dong, and revenue from investment activities of 65 billion dong. The insurance provider also aimed to obtain pre-tax profit of 70 billion dong and pay dividend at 14 percent.

Last year, MIC reported gaining total revenue of 514.819 billion dong, pre-tax profit of 65.9 billion dong.

In 2011, the company planned to raise chartered capital from 300 billion dong to 400 billion dong with the purposes of making capital contribution in MIC Investment Co. With its operation network of 20 branches, 50 offices and 70 transaction points, together with 1,400 insurance agents in 49 provinces and cities nationwide, MIC would transform its operation mechanism into a corporation model to meet its development targets. – DTCK

Tags: Military Insurance

Posted by VBN on May 6 2011. Filed under Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry