In its Q1/2025 business report, PNJ (Phu Nhuan Jewelry Joint Stock Company) explained the fluctuations compared to the same period last year. Revenues for the quarter reached 2.35 trillion VND, a 20% increase from Q1/2024, primarily due to strong recovery in consumer demand as the economy rebounded post-pandemic, along with the expansion of its store network and improved marketing strategies.
Net profit after tax also saw a 15% increase, reaching 200 billion VND, thanks to effective cost control and optimized production processes. However, PNJ noted that rising raw material prices slightly impacted the gross profit margin. The company aims to maintain stable growth in the coming quarters while continuing to invest in technology and new product development.
Leave a Reply