According to the Ho Chi Minh City Stock Exchange (HoSE), Phu Nhuan Jewelry Joint Stock Company (PNJ) has just announced the stock transactions of two internal leaders.

Specifically, Mr. Le Tri Thong, Vice Chairman of the Board of Directors and General Director, registered to sell 500,000 shares out of the total of more than 1.7 million units he holds. After the transaction (expected from October 14 to November 12), Mr. Le Tri Thong will still hold more than 1.2 million units, equivalent to 0.36%, compared to the current level of 0.5%.

Ms. Dang Thi Lai, member of the Board of Directors and senior director of finance, registered to sell 600,000 shares, out of more than 2.46 million shares she currently holds. The transaction is expected to take place from October 14 to 30. If the transaction is successful, Ms. Lai will still hold more than 1.86 million shares, equivalent to 0.55%, compared to the current 0.73%.

Previously, on October 2, the Banking Inspection and Supervision Agency decided to fine PNJ VND 1.34 billion. This was the result of the Government's inter-sectoral inspection of gold trading enterprises nationwide from May 24 to September 10.

PNJ has just finalized the second dividend payment for 2023 at a rate of 14% in cash (equivalent to VND 1,400/share). Previously, in April, PNJ paid the first dividend of 6% in cash. PNJ plans to pay a dividend of 20% in 2024. The revenue plan is VND 37,000 billion and the profit is VND 2,100 billion, up 12% and 6% respectively.

In July, PNJ's profit hit a record low, reaching only VND51 billion, down half compared to the same period last year.

In 8 months, PNJ recorded nearly 27,000 billion VND in net revenue and nearly 1,300 billion VND in profit after tax, up 27% and 3% respectively over the same period.

At the end of the session on October 9, PNJ shares decreased by VND400 to VND94,400/share, compared to VND108,000 on August 22.

Gold prices skyrocket and the breakthrough of the Cao Thi Ngoc Dung family. The gold trading company chaired by Ms. Cao Thi Ngoc Dung has grown rapidly over the past years, as gold prices continue to rise and profits from the gold jewelry segment are impressive.