On January 29, the global gold price reached nearly 5,600 USD/ounce, driving domestic gold prices to 187.3 – 190.3 million VND/unit. Phu Nhuan Jewelry Joint Stock Company (PNJ) also recorded a 4% increase in stock price to 122,900 VND/share, reflecting a nearly 30% gain since the beginning of the year. However, PNJ’s revenue in 2025 decreased by 7.5%, mainly due to a 42.8% drop in 24K gold sales because of limited supply. Despite the revenue decline, PNJ’s net profit rose by 33.9% to 2,829 billion VND, thanks to improved gross profit margins from increased retail segment focus. PNJ plans to issue 170.5 million bonus shares at a ratio of 2:1 and intends to distribute a 10% cash dividend to shareholders in January.
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