Jewelry firm posts $6.4 million H1 income

Ho Chi Minh City-listed Phu Nhuan Jewelry Joint-Stock Co., a trader of gold and precious stones, has reported a first-half net income of VND114 billion (US$6.4 million).

Sales from January until June totaled VND6.7 trillion ($373 million), or 24.5 percent higher than the target, the company said in a statement, without providing comparative figures for last year.

The jewelry maker said it had reduced production and management costs, leading to the positive results despite the global economic downturn.

It plans a 15 percent dividend payment to shareholders and a capital increment to VND400 billion from VND300 billion.

Phu Nhuan Jewelry also invests in liquefied petroleum gas and seafood processing.

Minh Quang

thanhnien

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