PNJ sales slightly goes up

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.