Phu Nhuan Jewelry Joint Stock Company (PNJ) has just announced its business report for the third quarter of 2024, with numbers marking a quite challenging period for the business. Although revenue continued to grow, quarterly profits fell to their lowest level since late 2021.
In the third quarter of 2024, PNJ achieved net revenue of VND 7,130 billion, up 3% over the same period last year. However, the company’s after-tax profit decreased by nearly 15%, to 216 billion VND. This is the lowest quarterly profit that PNJ recorded since the fourth quarter of 2021.
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