Phu Nhuan Jewelry Joint Stock Company has explained the difference of Q2.2021 business result compared to the same period of 2020 as follows:
Unit: VND
Q2.2021
Q2.2020
Difference
Consolidated financial statements
- Net revenue
4,455,408,501,572
2,744,802,199,607
62.32%
- Profit after tax
223,675,559,100
31,660,485,158
606.48%
Separate financial statements
5,135,663,266,574
2,464,854,425,795
108.36%
180,791,065,296
42,940,737,342
321.02%
Net revenue and profit after tax increase due to the following causes:
- In Quarter 2/2021, the stores were closed in April due to the outbreak of Covid-19.
- PNJ successfully implemented new business models, bringing high efficiency and increasing labor productivity.
- At the same time, system development, human resource investment and technology digitization have raised PNJ's competitiveness in the market.