PNJ: Explanation for the fluctuation of business result
PNJ: Explanation for the fluctuation of business result
Phu Nhuan Jewelry Joint Stock Company explains the fluctuation more than 16.67% in its financial statements in 2019 compared to the same period of 2018 as follows:
|
|
2019 |
2018 |
Difference |
|
Consolidated financial statements |
|
|
|
|
Net revenue |
17,000,681,080,523 |
14,571,135,744,850 |
16.67% |
|
Profit after tax |
1,193,924,957,243 |
959,923,347,147 |
24.38% |
|
Separate financial statements |
|
|
|
|
Net revenue |
14,961,312,734,769 |
13,412,499,673,814 |
11.55% |
|
Profit after tax |
1,158,012,975,662 |
941,240,908,760 |
23.03% |
Net revenue increases because of the following causes:
- Compared to the same period, the number of new stores increased 15 stores.
- The purchasing power of jewelry market has gradually recovered from August 2019.
- New product lines meet the needs of the market.
Profit after tax increases because of the following causes:
- Revenue in 2019 rose 16.67% compared to the same period of 2018.
- PNJ controlled and used effectively expenses in the period.
HOSE
