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Bao Minh achieved revenue of VND3,666 billion in 6 months of 2024 

 Wednesday, July 10,2024

AsemconnectVietnam - News from Bao Minh Joint Stock Corporation (stock code BMI - HOSE) said that, in the first 6 months of 2024, the Company achieved revenue of VND3,666 billion, growing 16.08% over the same period and reaching 53.92% of the annual plan, exceeding the plan progress approved by the General Meeting of Shareholders.

According to data from the Insurance Association, after the first 5 months of 2024, Bao Minh is also guaranteed to maintain the third position in revenue market share, with a market share of 8.4% (growth of more than 0.6 % compared to market share in 2023).
Regarding profits, Bao Minh is estimated to achieve VND188.5 billion in pre-tax profit in the first 6 months of 2024, equal to 102% compared to the same period in 2023 and reaching 50% of the 2024 plan profit approved by the General Meeting of Shareholders.
Mr. Vu Anh Tuan, General Director of Bao Minh affirmed that the results that the Company achieved in the first 6 months of 2024 are thanks first of all to the correct development guidelines and strategies of the Company and the Board of Directors. Bao Minh has posed. Besides, Bao Minh acknowledged the tireless efforts of the entire leadership team and staff who have contributed to the overall success of the Corporation.
Also according to Mr. Vu Anh Tuan, the last 6 months of 2024 will be a difficult and challenging period for the insurance business market. However, Bao Minh will still ensure to continue promoting the spirit of initiative, creativity, overcoming difficulties, taking advantage of opportunities, working together and being highly determined to successfully complete the business plan. The General Meeting of Shareholders approved.
According to Mr. Dinh Viet Tung, Deputy General Director of SCIC, Chairman of the Board of Directors of Bao Minh, Bao Minh's business and development plan is being implemented well, however, the Executive Board and Bao Minh staff must always constantly strive to maintain its current position and aim for higher goals in the future.
It is known that at the annual shareholders' meeting held at the end of April 2024, Bao Minh shareholders approved the 2024 business plan with total revenue in 2024 being VND6,800 billion (2.56% growth), of which revenue Original insurance is VND5,824.5 billion, reinsurance revenue is VND662.5 billion, revenue from financial activities and investment real estate business is VND313 billion, profit before tax is VND377 billion; The minimum dividend rate is 10%.
Source: VITIC/Tinnhanhchungkhoan


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