27-Jan-2021 Intellasia |
Phu Nhuan Jewelry Joint Inventory Firm maintained its progress momentum final 12 months amid a robust decline of the home jewelry market typically, with its income reaching VND17.511 trillion (US$759.4 million), a year-on-year enhance of three per cent, and surpassing 21 per cent of the goal set for final 12 months.
The efficient price administration course of helped PNJ to earn VND1.069 trillion ($46.36 million) in revenue after tax, 28 per cent greater than final 12 months’s goal.
Its income from the retail phase and from gold bar gross sales went up by 10.2 per cent and 11 per cent, respectively, in comparison with 2019.
PNJ’s gross revenue margin remained at 19.6 per cent final 12 months.
PNJ has invested in upgrading its plant in HCM Metropolis with a value of VND100 billion in direction of growing high-tech jewelry product strains, steadily changing imported objects, assembly home and export demand.
Final week, PNJ was one among 30 enterprises to obtain the HCM Metropolis Model Award from the municipal Individuals’s Committee for excellent achievements in constructing and growing manufacturers for services.
In response to Forbes Vietnam, PNJ’s model worth in 2020 reached $94.1 million, a rise of $15.5 million in comparison with the 2019 overview interval, up three grades to 21. It continued to keep up its No. 1 place within the private client items business.
Article supply: https://www.intellasia.web/pnj-profit-surpasses-21-per-cent-target-861951