PNJ sales slightly goes up
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Vietnam-based Phu Nhuan Jewelry (PNJ) has recorded US$178 million in sales and a pre-tax profit of VNĐ304.5 billion (US$13.65 million) in the first six months of this year.
These are increases of 4 and 116 per cent respectively for the same period last year, says a PNJ official.
During the period, the jewellery manufacturer also opened 13 stores, taking its total to 204 retail outlets, plus more than 3000 wholesalers, according to Viet Nam News.
PNJ was named Employer of the Year in last year’s JNA Awards, which cover the international gemstone and jewellery sector.
When PNJ restructured its jewellery workshop two years ago, a 35 per cent increase in productivity followed. It invested US$4.6 million to build a six-storey factory capable of producing four million units a year.
PNJ launches about 20 jewellery collections a year.
Questions & Answers
Q.What were PNJ's total sales and pre-tax profit figures for the first half of this year?
What were PNJ's total sales and pre-tax profit figures for the first half of this year?
PNJ recorded US$178 million in sales and a pre-tax profit of VNĐ304.5 billion (US$13.65 million) for the first six months of this year. These figures represent increases compared to the same period last year.
Q.How has PNJ's retail footprint expanded in the first half of this year?
How has PNJ's retail footprint expanded in the first half of this year?
PNJ opened 13 new stores during the first six months of the year, bringing its total number of retail outlets to 204. The company also maintains more than 3000 wholesalers.
Q.What impact did the restructuring of PNJ's jewellery workshop have on its productivity?
What impact did the restructuring of PNJ's jewellery workshop have on its productivity?
Two years ago, PNJ restructured its jewellery workshop, which resulted in a 35 per cent increase in productivity. This improvement likely contributed to its operational efficiency.