Monday, August 2 2021

VietNamNews

PNJ sees profit soar 95 per cent

Update: May, 20/2021 - 08:32

 

Phú Nhuận Jewelry Joint Stock Company (PNJ) has better sale and profit after the first four months. — Photo cafef.vn

HÀ NỘI — Phú Nhuận Jewellery Joint Stock Company (PNJ) reported a net sale of VNĐ1.85 trillion (US$79.7 million) and VNĐ85 billion in net profit in April, up 269 per cent and 183 per cent, respectively, from the last same period last year.

According to the firm, retail revenue contributed 61.5 per cent of the sales. At the same time, revenue from the wholesale channel marked a recovery, increasing by nearly 383 per cent over the same period.

In April, PNJ opened three new stores, increasing its retail network to 340 stores across the country.

Together with the Q1 results, PNJ hit a net sale value of more than VNĐ9 trillion and a net profit of VNĐ598 billion, up 64.1 per cent and 95.3 per cent respectively over the same period last year. The firm has achieved more than 48.6 per cent of the net profit target for the year.

According to the firm, it will bring Pandora jewellery into the distribution system to exploit new customer segments and increase sales in the future. — VNS

 

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