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PNJ: Explanation for the consolidated financial statements in Q1.2022 Phu Nhuan Jewelry Joint Stock Company explained the difference of business result in Quarter 1/2022 compared to the Quarter 1/2021 with details as follows:
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Content
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Q1.2022
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Q1.2021
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Difference
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Consolidated financial statement
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- Net sales
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10,142,717,252,585
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7,181,771,463,337
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41.2%
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- Profit after tax
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721,072,652,231
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512,612,208,810
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40.7%
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Separate financial statement
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- Net sales
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10,909,376,002,660
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8,187,423,809,982
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33.2%
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- Profit after tax
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749,928,276,159
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539,813,530,400
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38.9
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Net sales and profit after tax increased mainly due to:
- The excitement of the retail market in Quarter 1/2022.
- The implementation of key sales programs to attract and improve customer experience.
- Gold bar revenue increased by 61% over the same period.
- The Company has optimized operating costs and increased labor productivity. HOSE
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