Phu Nhuan Jewelry Joint Stock Company has been ranked among the Top 50 listed companies in Viet Nam in 2019 by Forbes.

Phu Nhuan Jewelry Joint Stock Company has been ranked among the Top 50 listed companies in Viet Nam in 2019 by Forbes.

This is the fifth consecutive year that PNJ has made it to the list.

The list was drawn up using a ranking method used by Forbes’ parent in the US, which takes into account the specific characteristics of local businesses.

It used audited financial statements for five years from 2013 to 2018 and mid-May market capitalisation figures.

It was based on criteria such as compounded growth rate of revenues, profits, return on equity, and earnings per share growth for the period of 2013-2018.

It also considered the level of sustainable development in terms of branding, corporate governance quality, sources of profit in the past, and prospects for sustainable development.

In 2016-18, the company achieved average annual revenue growth of 30.4 per cent, with its pre-tax profit last year reaching the important milestone of VND1 trillion (US$43.07 million).

In the HCM Stock Exchange’s latest update to the blue-chip VN30 Index in July 2019, a basket of 30 stocks with the largest market capitalisation and highest liquidity, PNJ retained its place. — VNS