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Monday, June 24, 2024

PNJ eyes VND1.9 trillion in profit in 2023

The Saigon Times

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HCMC – Phu Nhuan Jewelry Joint Stock Company (PNJ) looks to obtain around VND36.6 trillion in revenue and over VND1.9 trillion in profit after tax this year, up 5% and 7% against 2022.

The firm has posted a 1% year-on-year drop in revenue in the first two months of the year, at nearly VND7 trillion, but its after-tax profit inched up 6% in the period, at VND556 billion.

Its February revenue plunged by 21% against the year-ago figure, at VND2,848 billion, while its after-tax profit edged up 1% to VND255 billion.

It said macroeconomic volatility in the months had weakened consumer demand, coupled with a high base in the same period last year, leading to a slowdown in profit growth.

Last year the firm reported a year-on-year surge of 73% in revenue and 76% in net profit, at over VND33.8 trillion and VND1.8 trillion, respectively. The figures were by far the highest of any year since its establishment.

PNJ closed the trading session today, April 7, down 0.39% from the session earlier, at VND76,500 and reported a matching volume of 336,400 shares.

Regarding stock news today, the VN-Index of the Hochiminh Stock Exchange slid 1.2 points, or 0.11%, at 1,069.71 points, with 159 advancers and 219 decliners.

Trade on the southern bourse totaled VND10.8 trillion with 646 million shares changing hands, slumping 31.7% in value and 35.3% in volume over the previous session, including 45.4 million shares valued at more than VND1.2 trillion traded in block deals.

Lender SHB took the lead by liquidity today with over 30.1 million shares transacted, followed by DIG and VND with 27.9 million and 26.8 million shares, respectively.

On the Hanoi Stock Exchange, the HNX-Index added 0.17 points, or 0.08%, to 211.6 points, with 59 winners and 112 losers.

There were 103.7 million shares worth more than VND1.4 trillion traded on the northern bourse.

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