Jeweler announces 30% dividend

Phu Nhuan Jewelry Joint-Stock Company (PNJ) will pay a dividend of 30 for 2008 following approval at the unlisted company’s annual meeting held recently.

PNJ general director Cao Thi Ngoc Dung

But since 26 percent has already been paid in advance, the remaining 4 percent will be paid in April 2009.

The company’s 2009 business plans were also approved at the meeting. It hopes to achieve a turnover of VND4.5 trillion (US$257.1 million) for a 20 percent growth, and a net profit of VND150.5 billion, 23 percent up.

To retain the company's position as one of the leading jewelry makers, PNJ general director Cao Thi Ngoc Dung said her firm would focus this year on expanding its capacity and operations.

It would apply the latest technologies to increase production, expand its distribution network by opening large retail centers in Ho Chi Minh City, Ha Noi, Da Nang, and Can Tho, and open more retail outlets at supermarkets and shopping malls, she said.

With an eye on becoming a leading jewelry and diamond brand in Vietnam, PNJ plans to open CAO Fine Jewelry outlets nationwide and PNJ Diamond in Ho Chi Minh City, she added.

Sources: Tuoi Tre, SGGP – Translated by Phuong Lan

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