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PNJ announces higher jewelry sales and profits

Jul 2nd at 15:18
02-07-2016 15:18:07+07:00

PNJ announces higher jewelry sales and profits

Phu Nhuan Jewellery Company (PNJ), the largest jewelry retailer in Vietnam, announced total sales revenues of VND4 trillion ($178 million) and a pre-tax profit of VND304.5 billion for the first half of 2016.

 

These figures represent increases of four and 116 per cent, respectively, over the first half of 2015, said PNJ representative. After the first quarter, the total assets of PNJ stood at VND3.02 trillion, 1.74 per cent higher than on December 31, 2015.

PNJ is a jewelry manufacturer with well-established brand names such as PNJ Silver, PNJ Gold, CAO FINE Jewelry and Jemma.

PNJ opened 13 additional stores in the first half of 2016, bringing its total number of retail stores to 204 and more than 3,000 wholesalers.

Yesterday, PNJ shares ended at 75,000 each on the HCM Stock Exchange.

bizhub

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