PNJ reports 34 per cent rise in revenue in first quarter

Wednesday, Apr 19, 2017 16:15

A PNJ store in HCM City. — VNS Photo Courtesy of PNJ

Phu Nhuan Jewelry Joint-Stock Company reported a pre-tax profit of VND308 billion (US$13.5 million) in the first quarter, a 105 per cent rise over the same period last year.

Revenues were up by 34 per cent at VND3.13 trillion ($137.5 million), with gold and silver jewellery retail sales up by 42 per cent and 49 per cent, respectively, compared to the first quarter of last year.

PNJ opened five new stores in the period, taking the total number to 226 in 40 provinces and cities and affirming its leading position in the jewellery retail distribution system.

The company has won many honours, including recognition as one of the Top 100 working environments in Viet Nam; and receiving the “Vietnamese High Quality Goods” award for 20 consecutive years.

Its chairwoman and general director, Cao Thi Ngoc Dung, is on Forbes Vietnam list of Viet Nam’s 50 Most Influential Women in 2017. — VNS

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