PVI expects 516b dong profit in 2012

PetroVietnam Insurance Joint Stock Corp (PVI) has recently said that from now till the end of this year, PVI will prepare plans to carry out equitisation for PVI Reinsurance Co (PVI Re with a 100 percent stake held by PVI) in its roadmap to equitise subsidiaries.

PVI will also study and map out plans to set up a fund management company. In addition, PVI targets to complete procedures to hike chartered capital to 2.342 trillion dong and surpass business plans.

In the remaining six months of this year, PVI expects to gain total consolidated revenue of 2.578 trillion dong, pre tax profit of 185 billion dong and after tax profit of 139 billion dong.

Thus, the insurer expects that its total consolidated revenue in 2012 would be 6.243 trillion dong and pre tax profit of 516 billion dong.

Regarding the holding company alone, in the second half of this year, the holding company targets to reach total revenue of 175 billion dong, pre tax profit of 143 billion dong and after tax profit of 133 billion dong. For the whole year, the holding company plans to reach 593 billion dong revenue and 397 billion dong pre tax profit.

 

Category: Finance