BVH: Explanation for business performance
BaoViet Holdings explains more information on the movements of over 10% year-on-year in the Quarter IV/2019 financial statements as follows:
BaoViet Holdings continues to be a leading company in Vietnam's life and non-life insurance market after fifty years of establishment and development.
In Quarter IV/2019, due to difficulties in the financial market with the reduction of government bond interest rates, stock market volatility, the profit after tax of parent company and consolidated profit after tax were affected. Specifically, the profit after tax of parent company in Quarter IV/2019 was VND272 billion, down 13.4% compared to Quarter IV/2018; the consolidated profit after tax was VND106 billion, also decreasing by 55.3% compared to Quarter IV/2018.
However, the profit after tax of parent company in the whole year was VND1,081 billion, increasing by 2.7% compared to 2018 and achieving the business target.
HOSE
> DGT: Extraordinary General Mandate 2019 (31/01/2020)
> DLD: Board Resolution (31/01/2020)
> DSP: Board Resolution (31/01/2020)
> KHD: Board Resolution (31/01/2020)
> CAB: Board Resolution (31/01/2020)
> HFB: Board Resolution (31/01/2020)
> HOSE: Index Factsheet (Data as at: 31 Dec 2019) (31/01/2020)
> SB1: Notice of record date for a ballot (31/01/2020)
