PNJ is among Viet Nam’s 50 best performing listed companies in 2020. — Photo courtesy of PNJ

Phu Nhuan Jewelry JSC has been named among Viet Nam’s 50 best performing listed companies by Nhip cau dau tu (Investment Bridge) magazine and Thien Viet Joint Stock Company.

It ranked fourth in the list after rising by five places from last year.

The rankings have been developed based on international standards used by famous global publications and consultancy from economists and business experts from the Harvard Business School in the US and other organisations.

In the last three years PNJ’s efforts in effectively costs and supply chain management, adoption of modern technology and changes in product structure have helped increase its profit margins.

Its revenues grew by 22 per cent a year on average. Last year, for the first time, the company’s net profit exceeded VND1 trillion (US$43 million).

Its return on equity and was 27.4 per cent.

The COVID-19 pandemic this year has greatly affected consumers’ behaviour and demand, but PNJ has adjusted its plans and managed to achieve growth in the first five months.

Its net revenues and profit after tax grew by 20 per cent and 22 per cent to VND1.019 trillion ($43.9 million) and VND47 billion ($2.03 million).

It has a retail network of 360 stores.

The Top 50 list is designed to evaluate and rank listed companies with outstanding achievements in their fields of business through key financial indicators, encourage companies to pursue better corporate governance and strategic thinking, and recognise the business leaders who have demonstrated long-term vision and creative thinking. — VNS