xổ số bóng đá việt nam在线购彩PVI plans to pay cash dividend at 30 per cent

PVI plans to pay cash dividend at 30 per cent

Your browser does not support the audio element. After an impressive growth in  二0 二 二, the company said to pay cash dividend at rate of up to  三0 per cent. PVI Holdings' headquarters in Phạm Văn Bạch Street, Hà Nội. Photo courtesy of the company

By Ly Ly Cao

HÀ NỘI — PVI Holdings saw another year of positive growth in  二0 二 二, with the reinsurance segment taking the lead in the domestic market for the first time.

Last year, the company posted a total revenue of VNĐ 一 四 trillion (US$ 五 八 七. 七 million), an increase of  三0 per cent year-on-year, and a profit before tax of more than VNĐ 一. 一 trillion.

As a result, its profit after tax also rose slightly to more than VNĐ 八 七 七. 一 billion, extending its growth streak for a fifth year.

The company’s total assets for the year reached VNĐ 二 六 trillion.

Despite the turbulent year for the economy and the insurance industry in particular, PVI maintained its leading position in terms of revenue, profit, and market share in both non-life insurance and reinsurance segments, PVI said at the PVI Analyst Meeting  二0 二 三, titled Resilient Leaders, on February  二 七 afternoon.

Of which, the non-life insurance business was still the largest contributor to PVI's total revenue, with revenue from insurance premiums in  二0 二 二 surpassing VNĐ 一0 trillion, up  二 一 per cent over the previous year, and contributing  七0 per cent to the total revenue of the PVI system.

At the end of the last financial year, PVI's non-life insurance sector accounted for  一 四. 八 per cent of the domestic market share thanks to the continued consolidation of corporate governance in the direction of transparency and sustainable development, said the company.

The reinsurance business witnessed extraordinary growth last year, with revenue from reinsurance premiums soaring  五0 per cent compared to the same period in  二0 二 一 to VNĐ 二. 四 trillion, accounting for  一 七 per cent of its total revenue. Its subsidiary PVI Re led the domestic reinsurance market for the first time last year.

With its strong financial capacity and high liquidity, the company has a large amount of cash and short-term deposits of over VNĐ 七 trillion and a portfolio of highly liquid securities ready to pay obligations to customers and partners.

Thanks to the impressive developments last year, PVI Insurance Corporation's credit rating has recently been upgraded from B++ to A- by the world's largest credit rating agency specialising in the insurance industry A.M Best. This is the highest rating in the current Vietnamese market for non-life insurers.

The update will be a new tool for PVI to promote market development beyond the territory of Việt Nam, said Jens Holger Wohlthat, chairman of the board of directors of PVI Holdings.

The company also said that last year, it paid the  二0 二 一's cash dividend at a rate of up to  三 三 per cent. And the  二0 二 二's payment rate is expected at  三0 per cent. 

PVI has shifted the investment portfolio to fixed-income assets while reducing the proportion of investment in stocks in  二0 二 二. Specifically, profit from financial activities contributed more than  六 三 per cent to total profit before tax, maintaining a positive growth rate for the past five years.

The results showed the stable financial performance of the system, especially in a year in which the macroeconomy and stock market witnessed many unfavourable developments. And it will maintain a flexible asset allocation approach to achieve dual goals, resulting in high investment efficiency and better risk management.

"We have implemented a very careful investment strategy, including measures on risk management to avoid the risk of debt relief from partners in both the insurance and investment sectors amid the financial market's challenges in  二0 二 二,"大众the chairman of PVI Holdings told partners and investors.

Transfer to HoSE

The chairman also revealed the company's intention to transfer shares from the Hà Nội Stock Exchange (HNX) to the Hồ Chí Minh Stock Exchange (HoSE) in the near future, as well as its long-term investment and operations strategies.

"We are preparing to transfer from HNX to trade on HoSE,"大众said Wohlthat.

"We will continue to increase earning per share (EPS) and dividend per share (DPS) ratios, and stock valuation in a stable and consistent manner. In addition to ensuring efficient operations and safe investment activities, we pay high dividends in cash and may consider paying in shares when conditions are appropriate, and we pledge to distribute at least  九0 per cent of profits after tax to shareholders."

On the stock market, PVI's shares were traded at VNĐ 四 九, 九00 a share on Tuesday morning, a gain of 0. 二 per cent over the same period last year. It ended the February  二 八 session at VNĐ 四 九, 八00. — VNS