Bao Viet Group gains H1 profit of 534b dong

Bao Viet Group Joint Stock Co (coded BVH) announced to gain combined after tax profit in the first six months of 2010 of 533.68 billion dong, fulfilling 63 percent of the year plan, and EPS of 859 dong.

The group has lately released the H1 financial reports with total insurance premium of over 3.892 trillion dong, increasing by 10 percent year-on-year, net revenue of 3.13 trillion dong, up 37 percent and combined r\profit of 539.7 billion dong, about 9.3 times higher than the same period of last year.

In addition, the group earned 171.58 billion dong from net profit of banking activities, and profit from financial activities of 795 billion dong.

BVH’s after tax profit in the first six months of this year was posted at 562.96 billion dong, in which profit for parent company’s shareholders accounted for 533.68 billion dong, increasing by 30 percent year-on-year.

In Q2 only, the insurance provider reported gaining net revenue of 1.696 trillion dong, after tax profit of 301 billion dong and EPS of 480 dong. – Vietstock

Tags: Bao Viet Group, Vietnam insurance, Vietnam insurance industry, Vietnam insurance market

Posted by VBN on Sep 1 2010. 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