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PNJ reports higher revenue in Jan

The Saigon Times

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HCMC – Phu Nhuan Jewelry Joint Stock Company, which trades its PNJ shares on the Hochiminh Stock Exchange, has announced its January business results, with its net revenue expanding 18.8% year-on-year at VND4.13 trillion.

The HCMC-based firm also posted VND302 billion in after-tax profit, up 11.8% year-on-year.

PNJ’s good performance resulted from the surge in gold sales in January due to the higher demand of customers on God of Wealth Day.

As of the end of January this year, PNJ had run 365 shops in 55 of the country’s 63 centrally-governed provinces and cities.

Closing the session today, February 21, PNJ stood at the reference price, ending its three-session winning streak.

On the southern bourse, many bluechips fell into negative territory, sending the VN-Index down 4.46 points, or 0.41%, from the session earlier, at 1,082.23. Losers outnumbered winners by 234 to 182.

Over 720 million shares worth VND11.8 trillion changed hands, inching up 5% in volume and 1% in value against the previous session.

In the group of bluechips, lenders CTG, BID and VPB lost over 2% at the close, piling pressure on the market.

Real estate developer NVL improved 3.2% and took the lead by liquidity on bourse with some 28 million shares changing hands.

The HNX-Index of the Hanoi Stock Exchange slid 1.74 points, or 0.81%, from the previous session, at 214.08, with 86 gainers and 93 decliners.

Securities firm SHS, which closed down, was the most actively traded stock on bourse with a matching volume of 10.6 million shares.

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