AsemconnectVietnam - At the end of the first 7 months of 2024, PNJ completed 66% of the annual revenue plan. Profit after tax reached VND1,218 billion.

Phu Nhuan Jewelry Joint Stock Company (PNJ) announced its business results for the first 7 months of 2024 with net revenue reaching VND24,621 billion and profit after tax reaching VND1,218 billion.
According to the recently announced report, the business results for the first 7 months of 2024 were positive with both revenue and profit growing. Specifically, after 7 months, net revenue and profit after tax reached VND24,621 billion (up 30.8% over the same period) and VND1,218 billion (up 4% over the same period), respectively. This means that PNJ has completed 66.3% of its 2024 net revenue plan.
PNJ's business activities have grown steadily across all channels. Accumulated retail jewelry revenue in the first 7 months of 2024 increased by 14.6% year-on-year, thanks to the diversification of new collections, in line with market trends and meeting the increasing needs of customers.
Creative marketing campaigns and attractive promotions have contributed to boosting sales and increasing customer preference for the brand. Wholesale jewelry revenue in the first 7 months of 2024 increased by 24.7% year-on-year thanks to expanding the customer network.
PNJ's average gross profit margin decreased slightly to 16.4% (down from 18.7% in the same period of 2023) due to changes in the revenue structure of each business segment. In addition to stable profit margins of retail and wholesale channels, PNJ continues to implement measures to optimize resources and improve operational capacity to maintain a positive average gross profit margin.
As of the end of July 2024, PNJ has 409 stores nationwide. Including 400 PNJ stores, 5 Style by PNJ stores, 3 CAO Fine Jewellery stores and 1 Wholesale Business Center.
N.Nga
Source: VITIC/Tinnhanhchungkhoan