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Monday, October 7, 2024

PNJ gains VND26.9 trillion in revenue in Jan-Aug

The Saigon Times

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HCMC – Phu Nhuan Jewelry JSC, which trades its PNJ shares on the Hochiminh Stock Exchange, booked VND26.9 trillion in revenue between January and August this year, up by 27.2% versus the year-ago period.

With this result, the HCMC-based firm has achieved 72.3% of its full-year net revenue target.

Its net profit in the eight-month period rose by 2.8% year-on-year to VND1.28 trillion.

Retail sales made up 53% of the company’s revenue in the period, and grew by 15.1% year-on-year, driven by the expansion of the company’s distribution network and introduction of new jewelry collections.

Closing the trading session today, September 19, PNJ fell by 1.1% against the previous session to VND98,900 per share, with nearly 1.5 million shares changing hands.

In related news, the VN-Index of the Hochiminh Stock Exchange added 6.37 points, or 0.5%, against the day earlier at 1,271.27 points, with 240 winners and 122 losers.

Around 607.5 million shares worth VND14.3 trillion were traded on the market, down by 24% in volume and 23% in value compared to yesterday’s session. Block deal transactions contributed VND2.29 trillion to the overall value.

The VN30 basket saw 21 stocks rising, one declining, and seven remaining unchanged over the previous session. SSB unexpectedly hit its ceiling, surging 6.73% to VND16,650 per share, with over 2.75 million shares traded.

SSI and VPB took the lead by liquidity on the market, with 24.6 million and 17.4 million shares changing hands, respectively.

At the close, the HNX had 77 gainers and 71 decliners, with the HNX-Index rising by 0.82 point, or 0.35%, versus the previous day, to 233.77 points. The total trading volume reached over 42.4 million units worth VND828.2 billion.

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