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PNJ: Explanation for the fluctuation of business result Phu Nhuan Jewelry Joint Stock Company explains the fluctuation more than 16.67% in its financial statements in 2019 compared to the same period of 2018 as follows:
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2019
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2018
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Difference
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Consolidated financial statements
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Net revenue
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17,000,681,080,523
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14,571,135,744,850
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16.67%
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Profit after tax
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1,193,924,957,243
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959,923,347,147
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24.38%
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Separate financial statements
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Net revenue
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14,961,312,734,769
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13,412,499,673,814
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11.55%
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Profit after tax
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1,158,012,975,662
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941,240,908,760
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23.03%
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Net revenue increases because of the following causes:
- Compared to the same period, the number of new stores increased 15 stores.
- The purchasing power of jewelry market has gradually recovered from August 2019.
- New product lines meet the needs of the market.
Profit after tax increases because of the following causes:
- Revenue in 2019 rose 16.67% compared to the same period of 2018.
- PNJ controlled and used effectively expenses in the period. HOSE
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