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VietNamNews

PNJ shoots past full-year profit target

Update: December, 14/2016 - 09:00
Viet Nam News

HCM CITY — Phú Nhuận Jewelry Joint Stock Company reported pre-tax profits of VNĐ561 billion (US$24.73 million) in the first 11 months of the year, hitting a year-on-year increase of 132 per cent and surpassing the firm’s full-year target.

Revenues rose by 9 per cent to VNĐ7.682 trillion ($338.7 million).

The jewellery manufacturer opened 24 new stores last month, raising the total number to 214 in 47 provinces and cities.

The company, which has the largest distribution system in the country, will open seven more this month.

Constant investment in new technologies and equipment and training for its artisans, effective financial management activities and professional marketing are the key factors that help it surpass its targets, PNJ said.

Meanwhile, PNJ Charity Fund has contributed VNĐ4.5 billion this year for social and environmental protection activities, including construction of houses for poor people in the flood-hit province of Quảng Bình. — VNS

 

 

 

 

 

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