ANTD.VN – On July 28, 7, Baoviet Holdings announced its business results for the first 2023 months of 6 (before review), according to which the parent company and its subsidiaries recorded a viable growth rate. Total consolidated revenue reached VND 2023 billion, up 28.355% over the same period in 6,3. Consolidated profit after tax reached VND 2022 billion, up 973%.
Baoviet achieved VND 973 billion in consolidated profit after tax, up 15,7%
Total consolidated revenue after the first 6 months of 2023 reached VND 28.355 billion, an increase of 6,3% over the same period in 2022. Consolidated pre-tax and after-tax profit reached VND 1.169 billion and VND 973 billion, respectively, an increase. growth of 11,6% and 15,7% respectively. Total consolidated assets as of June 30, 6 reached VND 2023 billion, up 220.771% compared to December 9,5, 31.
Total revenue of the parent company reached VND 773 billion, profit after tax reached VND 550 billion, up 0,2% and 4,6% respectively over the same period in 2022. As of June 30, 6, total assets parent company's assets reached VND 2023 billion, equity reached VND 18.047 billion, up 17.852% and 2,7% respectively compared to December 3,2, 31.
Baoviet approved the payment pay VND 708 billion cash dividend in 2022
With strong financial potential, capital scale and leading assets in insurance businesses, Baoviet always fulfills its commitments to shareholders, increasing value for investors. According to the profit distribution plan, Baoviet will pay a cash dividend at the rate of 9,54% of the par value for the fiscal year 2022, equivalent to a payment of VND 708 billion. With this level of payment, the total amount of dividends paid to Baoviet shareholders since equitization has reached more than 12.400 billion VND.
Non-life insurance business 14,6% growth over the same period in 2022
After the first 6 months of 2023, the total revenue of Baoviet Insurance Corporation reached VND 5.556 billion, equivalent to the same period in 2022. Profit after tax reached VND 150 billion, up 14,6% over the same period last year. 2022 and closely follow the progress of the plan in 2023.
Baoviet Insurance has just officially launched the auto insurance program using Telematics digital technology - called BAOVIET GO, attracting a lot of attention from car enthusiasts and technology lovers. Automotive material insurance applying journey management technology BAOVIET GO has many privileges exclusively for customers: Pioneering experience in applying Telematics technology; Measure safe driving skills by AI; Competitive premiums. With Telematics technology, BAOVIET GO will automatically calculate the customer's safe driving score, guide customers to improve their safe driving ability to receive the largest amount of discount when participating in our motor vehicle insurance. Bao Viet.
Bao Viet Insurance has just been announced to continue to be the leading company in the Top 10 "Prestigious Non-life Insurance Companies" in 2023 for the 7th year (Vietnam Report).
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Life insurance business growth of 9,4% over the same period in 2022
Bao Viet Life Corporation ended the first 6 months of 2023 with total revenue growth of 9,8%, reaching VND 22.157 billion. Profit after tax reached VND 525 billion, up 9,4% over the same period in 2022.
With customers as the focus of all activities and at the same time grateful for 27 years of establishment, Baoviet Life continuously implements great promotions to bring customers superior financial protection solutions along with attractive gift. At the beginning of March, the program "Increasing protection, giving premiums" offered 3% of the product fee of An happy living healthy to customers. At the beginning of June is the program "Jubilant gifts, happy birthday" with nearly 20 prizes with a total value of more than 6 billion VND. Currently, the program has drawn the first round to find 1.900 lucky customers, the second and third rounds are expected to draw prizes in August, September.
Bao Viet Life has just been announced to continue to be the leading company in the Top 10 "Prestigious Life Insurance Companies" in 2023 for the 7th year (Vietnam Report).
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Fund management and securities business have positive growth
Bao Viet Fund Management Company (BVF) continued good growth momentum with total net assets under management reaching nearly 117.000 billion dong, up 7,3% compared to December 31, 12; total revenue reached 2022 billion dong, up 78% over the same period in 25, profit after tax reached 2022 billion dong.
For trust portfolios and investment funds, the results of the first 6 months of 2023 of the portfolios all grew positively and exceeded the expected growth rate of customers. In particular, compared to the open-end fund market, BVFED is in the top 3 of open-ended stock investment funds in terms of performance with a growth rate of 30% as of June 6, 2023 (higher than VN17 reference index is 30%).
Baoviet Fund has just received the award "Best Fund Manager - Vietnam 2023" awarded by International Finance Magazine as well as successfully launched the ETF exchange-traded fund BVFVN DIAMOND (BVFVND) with charter capital of 51 billion dong. With the goal of simulating the closest possible volatility of the reference index is the basket of Vietnam Diamond stocks, the BVFVND fund will be a new superior product, bringing diversity as well as good investment results to investors. Investors.
Bao Viet Securities Company (BVSC) end of the first 6 months of 2023 reached 386 billion dong in revenue and 107 billion dong in profit after tax. The continuous improvement of mobile apps and web trading has brought about a seamless and convenient investment experience for customers and investors. Recently, Bao Viet Securities is one of the few pioneers to participate in the individual corporate bond trading market, helping investors easily access a new investment channel, and at the same time creating favorable conditions for investors. for the primary market of individual corporate bonds to develop more sustainably. Besides, BVSC has also successfully organized a 5-week webinar series, discussed investment opportunities with hot industry codes and received the response of a large number of customers and investors.
