Phu Nhuan Jewelry Joint Stock Company (PNJ) has released its Q3 business report, showing a net revenue of 8.136 trillion VND and a net profit of 496 billion VND, marking increases of over 14% and 130% year-on-year, respectively. PNJ’s gross profit margin improved from 17.5% to 19.8%. In the first 9 months of 2025, net revenue was 25.353 trillion VND, down 13%, but net profit rose 17% to 1.610 trillion VND, achieving 82.2% of the annual target. Retail jewelry sales increased by 5.1%, comprising 65.6% of total revenue. 24K gold sales dropped 44.4% due to material sourcing issues, but PNJ strategically prioritized retail jewelry sales. By September 2025, PNJ operated 429 stores nationwide.
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