Wednesday, May 27, 2020 3:17:29 AM - Markets open
VN-INDEX 869.13 +10.09/+1.17%
HNX-INDEX 110.49 +1.35/+1.23%
UPCOM-INDEX 55.33 +0.39/+0.71%
PNJ to expand retail system, online sales
Vietnam News - 4/23/2018 2:15:17 PM
 (0 ratings. You must sign in to rate.)
Phú Nhuận Jewelry Joint Stock Company (PNJ) has said it will further expand its retail network and online sales and carry out customer segmentation to offer tailor-made designs meeting the needs of every customer.
Speaking at the company’s annual general meeting in HCM City last Saturday, chairwoman Cao Thị Ngọc Dung said the company targets VNĐ14.195 trillion (US$662.58 million) in revenues and VNĐ882 billion ($38.68 million) in net profits, 30 per cent and 22 per cent higher than last year.
Revenues from online sales are expected to rise five-fold to VNĐ150 billion this year and at least VNĐ1 trillion by 2021.
The company would also open at least 40 stores this year to increase the total number to more than 300, she said.
Two subsidiaries, PNJ Production and Trading Ltd and Customer Era Ltd, would be set up for trading jewellery, precious metals, precious and semi-precious stones, gold bars, souvenirs and gifts, import and export gold jewellery and import and distribute watches, eyewear and fashion accessories, she said.
PNJ plans to issue bonus shares this year at the ratio of 2: 1, increasing its charter capital to VNĐ1.621 trillion.
It will also make a 3 per cent ESOP, equivalent to 4.86 million shares, at a par value of VNĐ20,000 to members of the board making outstanding contributions and the most competent staff at PNJ and its subsidiaries.
The meeting also voted two new members of the board of directors.
Lê Trí Thông, vice chairman and general director, said last year was a successful one for PNJ, with sales growing by 28 per cent to VNĐ11.049 trillion, and jewellery retail sales accounting for nearly VNĐ5.78 trillion.
Its consolidated pre-tax profit was 54 per cent up at VNĐ908.11 billion, he said.
He attributed the company’s success to its investing in modern production and managment technologies, human resource development, risk management and development of its brand and retail network.
According to the World Gold Council, demand for jewellery gold in Việt Nam increased by 7 per cent last year to 16.5 tonnes. The demand is expected to keep increasing. — VNS
Read original article here
Newer News
26/05 CET: Notice of transaction of connected person (Mr. Pham Tran Thanh Nam)
26/05 PAI: Change in personnel
26/05 VIX: Change in personnel
26/05 TCL: Change of personnel
26/05 PDN: Board resolution _ No 38, 39
26/05 PGC: Resolution on the AGM 2020
26/05 BT1: Notice of the Annual General Meeting of Shareholders 2020
26/05 BHT: Change in personnel
26/05 BBT: Notice of transaction of connected person (Nguyen Quoc Viet)
26/05 WSB: Notice of record date for a ballot
Older News
23/04 NLG: Property firm Nam Long to auction 40 million shares to raise capital
23/04 HDB: HDBank shareholders approve PG Bank acquisition in all-stock deal
21/04 SSI: Saigon Securities Inc targets 15% rise in profit
21/04 STB: Sacombank vows to finish settling bad debts in five years
17/04 Vinasun cuts revenue forecast
17/04 TAC increases dividend by half to 24 per cent
16/04 VTVCab cancels IPO after few investors show interest
12/04 VGC: Viglacera plans to reduce State ownership to 36%
12/04 HVN: Ministry to auction Vietnam Airlines’ share purchase rights
12/04 Vissan targets 18 per cent pre-tax revenue increase
Newsletter Signup
Top Stories
Reference exchange rate down 5 VND on March 26
Reference exchange rate up 5 VND on March 18
Shares tumble over WHO declaration of COVID-19 pandemic
Tight co-ordination needed to ensure EVFTA benefits
VN shares mixed, but growth expected to return
Market Update
Last updated at 3:10:03 PM
VN-INDEX 869.13 +10.09/+1.17%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.