PNJ only needs 10 months to achieve full-year targets

Phu Nhuan Jewelry Joint Stock Company has achieved its full-year sales and profit targets already.

A PNJ store in HCM City. PNJ has surpassed its full-year sales and profit targets within 10 months. — Photo courtesy of PNJ

Phu Nhuan Jewelry Joint Stock Company has achieved its full-year sales and profit targets already.

PNJ reported net revenues of VND28.53 trillion (US$1.15 billion) and profit after tax of VND1.48 trillion ($59.79 million) in the first 10 months, year-on-year increases of 95.5 per cent and 118.2 per cent, which enabled it to exceed the year’s targets by 10.5 per cent and 12.6 per cent.

Revenues from retail and wholesale in the first 10 months rose by 102.1 per cent and 76.6 per cent year-on-year, a company spokesperson said.

24K gold sales increased by 98 per cent amid changing investment trends, inflationary pressures and geopolitical uncertainty, he said.

PNJ has 358 stores across the country.

It recently ranked first in Viet Nam’s Best Places to Work” in the retail/wholesale/trading industry, and among the top 20 in Anphabe’s ‘Viet Nam’s 100 Best Places to Work 2022’ and top 50 in ‘Vietnamese Most Attractive Employer Brands in 2022.’ — VNS

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