PNJ pre-tax profit rises 42 per cent

Friday, Oct 13, 2017 10:51

The Phu Nhuan Jewelry Joint Stock Company (PNJ) reported a pre-tax profit of VND629 billion (US$27.7 million) in the first nine months of this year, an increase of 42 per cent year-on-year. — Photo kinhdoanhnet.vn

The Phu Nhuan Jewelry Joint Stock Company (PNJ) reported a pre-tax profit of VND629 billion (US$27.7 million) in the first nine months of this year, an increase of 42 per cent year-on-year.

Its revenues were up 34 per cent at VND7.91 trillion ($348.45 million).

The jeweller opened 11 retail stores in the third quarter of the year, raising its total number of stores to nearly 250.

PNJ said it would continue to open more outlets in the fourth quarter, confirming its strategy of focusing on its core business.

The company has picked up several awards in 2017, including the ASEAN Outstanding Enterprise of the Year and Top 3 Retailers of the Year awards from Jewellery News Asia, the Top 50 Listed Companies in 2017, and Top 40 most valuable Vietnamese company brands.

Its social activities include providing scholarships to poor students and building houses for disadvantaged families and single women. — VNS

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