PNJ’s share price was even higher in the second half of 2021Reporting the business situation in 2020, Mr. Le Tri Thong, Vice Chairman cum General Director of PNJ, said that PNJ’s market share continued to increase.
Through the opening of new Gold stores and the closure of some PNJ Silver stores, the company has helped to optimize revenue per store and contribute to increasing the proportion of the company’s retail revenue, accounting for nearly 60 % of the company’s total revenue.
Mr.Thong said, the jewelry industry in 2020 will be greatly affected by the COVID-19 epidemic. PNJ’s share price has fallen deeply.
However, PNJ’s share price is recovering to the same level as early 2020 and is expected to be “even higher in the second half of this year”, PNJ General Director expected.
On the market, at the end of April 16, PNJ price was at 90,900 dong / share, up 11% compared to the beginning of 2021.
Plan profit to increase 15%, plan to open at least 40 new stores
PNJ submitted to shareholders a plan of nearly 21,006 billion dong of net revenue in 2021, nearly 1,230 billion dong of profit after tax; increase 20% and 15% respectively compared to the implementation in 2020. The expected dividend rate is 20%.
Thanks to higher business results in 2020, the company plans to increase its dividend from 18% to 20% in cash (2,000 dong / share).Source: H.K compiled from the consolidated financial statements over the years.
Accordingly, PNJ submits to shareholders the plan to withdraw shares of the retired employees at the price of 10,000 VND / share.
At the same time, the company plans to issue more than 3.41 million ESOP shares to leaders and subsidiaries, equivalent to 1.5% of outstanding shares after reducing charter capital.ESOP release details for key leaders. (Photo: Minh Hang).
Issuing price is 10,000 VND / share, only 11% value of PNJ shares at the end of 16/4 session. All ESOP shares will be restricted to transfer for 1 year, 70% of the number of shares will be restricted for 2 years and 40% of the number of shares will be restricted within 3 years from the date of completion.
In addition, PNJ presented to the General Meeting the plan to release up to 15 million individual shares to shareholders (equivalent to 6.6% of the shares in circulation) to increase the charter capital from VND 2,276 billion to nearly VND 2,426 billion. The price and duration of the offering have not been announced.
PNJ said the raised money will be used to expand the production plant at PNJ Jewelry Processing and Trading Company to increase production capacity for the retail segment. In addition, the company will use capital to innovate production technology, product design and optimize costs, along with implementing digital transformation.
In 2021, Ms. Cao Thi Ngoc Dung, PNJ President, said that she will open 40 to 45 new stores and renew the existing stores. In addition, the company will build a new headquarters.
Regarding personnel, PNJ submits to shareholders to approve the dismissal of members of the Board of Directors with Mr. Le Huu Hanh and Mr. Le Quang Phuc due to the expiration of the appointment period. At the same time, the enterprise will elect two additional members to replace.
Source: vietnambiz.vn – Translated by fintel.vn