Research Centre
Free access to research reports covering macro economy, market, sectors or individual stocks |
 |
|
 |
|
| Title |
PNJ - Phu Nhuan Jewelry JSC |
| Source |
| SBSC |
 |
|
| Type |
Update Report |
| Business |
Phu Nhuan Jewelry Joint Stock Company |
| Ticker |
PNJ |
| File Detail |
| Date: 10/05/2012 |
Page: 6 |
File Type |
 |
|
|
| |
| Description |
FY12 unconsolidated results: PNJ’s 1QFY12 revenue came in at VND1,870bn (down 47% y-o-y and 38% q-o-q), mostly contributed by the gold segment, which contributed a lower revenue of VND1,639bn (down 48% y-o-y and 42% q-o-q). PNJ expects a significant decline in gold exports and trading revenue this year, following the Ministry of Finance’s circulars to limit gold exports and gold bar trading. Owing to lower cost of goods sold in 1QFY12, it posted a gross profit of VND180bn (down 10% y-o-y and up 16% q-o-q) and a PAT of VND256bn (+21% y-o-y).
|
|
|
|
| Recommend |
N/A |
|
|
|
|
| |
|
|
|
|
|
\
