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PNJ profit jumps 54 per cent in first half
Phu Nhuan Jewelry Joint-Stock Company achieved a pre-tax profit of VND471 billion (US$20.7 million) in the first half of the year, up 54 per cent over the same period last year to meet over 62 per cent of its 2017 plan.
Total revenue reached VND5.54 trillion, a year-on-year increase of 41 per cent, or 53 per cent of its target for this year. Retail sales of its PNJGold, PNJSilver, CAO FineJewellery brands saw impressive growth of 45 per cent.
PNJ opened 22 new stores in the period, taking the total number to 237 across the country and affirming its leading position in jewellery retail distribution.
With these successes, the company is confident to complete its business target set for this year in the first 10 months.
In parallel with business activities, PNJ has also received awards that recognise the company’s efforts and contribution to the jewelry industry in Viet Nam and the community.
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