PNJ received Decision No. 648/QD-XPHC dated October 2, 2024 of the Banking Inspection and Supervision Agency on handling administrative violations in the field of currency and banking with the amount of 1,000,000 VND. 34 billion VND.
Phu Nhuan Jewelry Joint Stock Company (HoSE: PNJ) has announced the sanctioning of administrative violations in the field of currency and banking.
Specifically, regarding the Government’s interdisciplinary inspection of gold trading enterprises nationwide from May 23, 2024 to September 10, 2024, PNJ received Decision No. 648/QD -XPHC dated October 2, 2024 of the Banking Inspection and Supervision Agency on handling administrative violations in the field of currency and banking with the amount of 1,340,000,000 VND (1.34 billion VND).
The reason for the sanction is that PNJ issued internal regulations, practices of classifying customers by risk, reporting large value transactions and internal auditing that were not strict enough and fully met the provisions of law. anti-money laundering law; and there are some errors and incomplete data in the process of reporting and providing information to regulatory agencies.
PNJ said that it will strictly comply with all decisions of the Banking Inspection and Supervision Agency and has voluntarily and proactively overcome shortcomings and consequences.
In the business results report for the first 8 months of the year, PNJ recorded net revenue of 26,866 billion VND and profit after tax of 1,281 billion VND, up 27.2% and 2.8% respectively over the same period last year. .
In 2024, PNJ sets a revenue target of reaching 37,148 billion VND and profit after tax 2,089 billion VND. Thus, after 8 months, this jewelry retailer has completed more than 72% of its revenue target and 61% of its yearly profit plan.
At the end of the trading session on October 7, PNJ shares stood at reference, at 95,400 VND/share with 789,100 units ‘changed hands’.