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Jewelry retailer PNJ posts 6% revenue decline

By Van Phat   May 24, 2023 | 04:57 pm PT
Jewelry retailer PNJ posts 6% revenue decline
Customers look at PNJ products. Photo by Bich Quyen
Jewelry retailer PNJ recorded a revenue of VND12.06 trillion ($513.36 million) in the first four months of the year, down 6.6% year-on-year.

Its post-tax profit was VND859 billion, about the same as last year.

Demand for jewelry, gold and luxury products fell in the first four months, according to a spokesperson for the company.

Rising expenses and inflation also contributed to the decline in sales.

As of the end of April, PNJ had 376 stores nationwide.

 
 
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