On 2nd April 2016, the 20th Annual General Meeting of Shareholders 2016 of PNJ took place successfully at White Palace Convention Center – Ho Chi Minh City with the high approval from the attending shareholders, with the voting rate of 99.99%, reaching nearly absolute rate.
All shareholders approved all important issues discussed as well as collected opinions from the shareholders and approved the Resolution of the Meeting 2016. 2016 shall be a promising year for PNJ to continue achieving more exploits and impressive results, although it is forecast to be a year full of challenges.
2015 – “The stamp year of PNJ”
According to the Board of Directors’ report, 2015 was a year full of difficulties and challenges to PNJ, but the key objectives of 2015 have been implemented synchronously in accordance with the policy of the Resolution of the General Meeting of Shareholders 2015. Thanks to the internal strength and the agility to grasp opportunities, PNJ has steadily overcome every challenge in such a powerful and confident way to achieve “a stamp year of PNJ” on the way of 27 years of development.
PNJ has conquered the milestones and new pinnacles, quickly developed the product and service distribution system nationwide, the reputation of PNJ brand has reached the world market … The stamp of PNJ in 2015 was the story of the journey to overcome the challenge, reach success, firmly consolidate the leading position in the market of PNJ. With 194 jewelry centers in 45 provinces and Cities by the end of 2015, PNJ currently owns the largest jewelry distribution system in Vietnam.
Besides, PNJ always focuses on the social charity activities with the total cost of 4.5 billion VND in 2015, including meaningful community activities like walking for the poor, long term scholarship sponsor for students, giving gifts to the poor, environmental protection … and the most important thing is PNJ House program with 25 newly built houses donated to the poor nationwide.
Also in the past year, PNJ was honored to be in the List receiving the national and international prestigious awards, It was voted as “Top 100 Vietnam best workplaces”; excellently awarded the title “Employer of the Year” by JNA Awards 2015; ranked in the “Top 50 most valuable Vietnamese brands”. The Jewelry design award in Southeast Asia and the jewelry masterpieces of PNJ created a strong stamp in the market, especially achieving the reputation at Vietnam International Fashion Week 2015 … The achieved milestones of PNJ in 2015 continues to increase the strength of PNJ brand, confirm the vision “to become the leading jewelry processor and retailer in Asia market”.
The impressive business results of quarter 1/2016
2016 is an important year, marking a 28-year milestone of PNJ’s sustainable development, and the fourth year with strong development from the comprehensive restructure of the Company in the 10-year development strategy (2012–2022). PNJ believes that, with the strategy focusing on the key production and business activities; flexibly deploying the methodical and steady business development solutions; effective financial management and risk management with the professional, enthusiastic and dedicated team, PNJ shall continue to increasingly develop.
Introduction of three new members. From the left: Mr. Nguyen Thanh Du, member of the Supervisory Committee; Mr. Le Huu Hanh and Mr. Le Quang Phuc – members of the Board of Directors of PNJ
And right in quarter 1/2016, the impressive figures of the business results increase the excitement of shareholders and employees. Total revenue of quarter 1/2016: 2,356 billion VND, an increase of 12% compared to the same period and reaching 27% of the year’s plan. In which, the jewelry revenue was 1,820 billion VND, an increase of 20% compared to the same period and reaching 27% of the year’s plan. The gross profit was 415 billion VND, an increase of 45% compared to the same period and reaching 32% of the year’s plan. Profit before tax (excluding the provision for financial investment) was 234,378 billion VND, an increase of 64% compared to the same period. Profit after tax was 119,746 billion VND, an increase of 9% compared to the same period (extracted for DAB provision of 84,692 billion VND).
Continuing with the distribution system expansion, from the beginning of 2016 until now (by the end of March 2016), PNJ has opened 06 jewelry centers in Ho Chi Minh City, Binh Duong, Ca Mau and Long Xuyen, reaching 24% of the year’s plan.
Some pictures at the General Meeting of Shareholders 2016 of PNJ:
At the General Meeting of Shareholders 2016 of PNJ, 334 shareholders were present, representing 78.2 million shares, equivalent to about 80% of total shares with approved votes, reaching 99.99% to approve 10 issues about the business results of 2015, orientation and policy of 2016, financial statements, Statement on profit distribution, personnel supplement …
During the time for discussion, shareholders and representatives of some investment funds raised questions. All questions from shareholders related to the fluctuation in gold price, the expansion of room for foreign investors, policy risk to the gold industry … were frankly and clearly answered by Ms. Cao Thi Ngoc Dung, creating a peace of mind for investors.
The members of the Board of Directors of PNJ. From the left: Mr. Le Quang Phuc, Mr. Nguyen Vu Phan, Ms. Nguyen Thi Bich Ha, Ms. Nguyen Thi Cuc, Ms. Cao Thi Ngoc Dung, Ms. Pham Vu Thanh Giang, Mr. Le Huu Hanh, Mr. Nguyen Tuan Quynh
Board of Directors and Supervisory Committee of PNJ. From the left: Mr. Le Quang Phuc, Mr. Tran Van Dan, Mr. Nguyen Vu Phan, Ms. Nguyen Thi Bich Ha, Ms. Nguyen Thi Cuc, Ms. Cao Thi Ngoc Dung, bà Ms. Pham Vu Thanh Giang, Mr. Le Huu Hanh, Mr. Nguyen Tuan Quynh, Mr. Nguyen Thanh Du