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PNJ: Explanation of business result in Q4.2019 Pursuant to the Finance Ministry’s Circular No.155/2015/TT-BTC on the disclosure of information. Phu Nhuan Jewelry Joint Stock Company (PNJ) explained the business result in the fourth quarter of 2019. Accordingly, the profit changes over 10% compared to the same period of 2018 as follows:
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Content
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Q4.2019
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Q4.2018
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Difference
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Consolidated financial statement
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- Revenue
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5,321,342,260,908
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4,063,393,657,691
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31%
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- Profit after tax
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384,803,198,848
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265,538,938,659
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45%
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Separated financial statement
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- Revenue
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5,223,060,312,785
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3,387,293,678,668
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54%
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- Profit after tax
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365,507,553,041
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259,954,155,052
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41%
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- Total revenue increased because the increase of 15 new stores, the market's purchasing power of jewelry items has gradually recovered since August 2019 and the new product lines provided to meet the needs of the market.
- Profit after tax increased because the fourth quarter of 2019 increased by 54% compared to the same period in 2018 and the effective use of operating expenses. HOSE
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