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    PVI   VN000000PVI1

PVI HOLDINGS

(PVI)
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PVI Insurance's revenue for the first 9 months of 2021 exceeds the target

10/26/2021 | 05:56am EST

On October 21, 2021, PVI Insurance held a conference to review the business results of the first 9 months and implement tasks for the last 3 months of 2021. The conference was chaired by Mr. Pham Anh Duc, General Director.

Mr. Pham Anh Duc, PVI Insurance's General Director, chairing the conference

For the first 9 months of 2021, total revenue of PVI Insurance was VND 7,583.7 billion, equivalent to 107.8% of the 9-month plan and 79.2% of the annual plan, up 10.3% over the same period of the previous year. Original insurance fee grew by 10.1% compared to the first 9 months of 2020. PVI Insurance's pre-tax profit was VND 686.6 billion, up 20.1% over the same period last year, equivalent to 161.9% of the 9-month plan, 106.4% of the annual plan.

PVI Insurance's first 9 months of 2021 conference

PVI Insurance is the only insurance company listed in the Top 50 Most profitable companies 2021 in Vietnam, according to the most recent announcement by Vietnam Report. PVI Insurance also firmly holds the No. 1 position in industrial insurance field with the revenue from corporate insurance packages growing by 16.3% over the same period in 2020.

In the last 3 months of 2021, PVI Insurance will focus on applying flexible and effective measures in order to reach the revenue target of VND 10,000 billion; promoting the development of e-commerce channels; renewal of reinsurance contracts.

Rewarding teams with outstanding performance in management and business activities

At the Conference, rewards were given to recognize outstanding performance of the member companies and divisions in management and business activities in the first 9 months of 2021.

Disclaimer

PVI Holdings published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 09:55:01 UTC.


© Publicnow 2021
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Financials
Sales 2021 486 B 21,4 M 21,4 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 11 033 B 485 M 485 M
Capi. / Sales 2021 22,7x
Capi. / Sales 2022 36,1x
Nbr of Employees 2 574
Free-Float 13,1%
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 47 100,00 VND
Average target price 52 638,50 VND
Spread / Average Target 11,8%
Managers and Directors
Hoa Xuan Nguyen Vice Chairman & Chief Executive Officer
Jens Holger Wohlthat Chairman
Nguyet Thi Bui Independent Director
Thuan Van Bui Director
Danh Thanh Duong Vice Chairman
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