BMI - Surge in net financial income drives bottom-line growth - Earnings Flash
  • 2021-04-20T19:17:10
  • Company Research
BMI released consolidated Q1 2021 results with gross written premium of VND1.2tn (USD52mn; +2.8% YoY) and NPAT-MI of VND70bn (USD3.1mn; +71.5% YoY), achieving 24.3% and 58.8% of our respective FY2021 forecasts. The surge in the bottom line was mainly driven by an approximately six-fold increase in net financial income despite a 45.2% YoY plunge in operating income.