Jewelry retail business comes first when talking about the impressive growth of PNJ, this business brought 75% gross profit to the whole company.
Phu Nhuan Jewelry Joint Stock Company (Security Code: PNJ) has recently announced estimated business performance in first half of 2015. Accordingly, the company’s estimated revenue is 3.855 billion Vietnamese Dong, grew 6% over the same period in 2014. Estimated earnings after tax is 228 billion Vietnamese Dong, grew 46% over the same period last year and accomplished 60% year target.
Jewelry retail business is the main contributor to this impressive growth of PNJ, with 75% gross profit contributed to the whole company.
According to the latest report of World Gold Council (WGC), Vietnam’s jewelry demand in First Quarter of 2015 has raised again with 4,1 tons (equal to 10% growth rate). This factor has contributed to boost the growth rate of PNJ’s retail business. In first half of 2015, jewelry retail business sales grew 56%, gross profit grew 48% over the same period.
This year, PNJ has officially opened 17 new large gold stores nationwide, accomplished 49% year target. In July, PNJ will open 4 more stores, get ready for the peak season in Fourth Quarter.
Beside positive business performance, PNJ has also entered final round of 3 important categories of JNA Awards (Jewelry News Asia), including Top Enterprise of the Year, Top Asian Enterprises of the Year and Retailer of the Year.
Currently, PNJ is one of the few security codes of which foreign room is full. At the end of trading session on July 3rd , PNJ’s market price is VND 39.200 /share, equivalent to 3.852 billion Vietnamese Dong equity.