Tuesday, 18/11/2008 11:55

BMI: Business result in Q3/08

BaoMinh Insurance Corporation (BaoMinh) has explained business result in Q3/08 as follows:

 

Q3/2008

 

Q2/2008

 

Comparison (%)

 

(mil dongs)

1

2

3 = ½

Net sales

325,026

352,572

92.19%

Total expenses

218,576

289,482

75.50%

Management expenses

131,631

 

80,562

 

163.39%

 

Net profit

(25,173)

(17,472)

144.07%

Profit of financial activities

69,866

 

50,839

 

137.43%

 

Profit

44,963

33,346

134.84%

- Net sales decreased: big customers signed insurance contract in June.

- Management expenses increased: salary was fully recorded.

- Profit of financial activities increased:

+High profit of investment

+ Receiving profit from the UIC Joint Venture Company for 2007

HOSE

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