PNJ - Net profit remains flat YoY, operating expenses increase QoQ - Earnings Flash
  • 23 Oct 2023
  • Company Research
- 9M 2023 results: Net revenue was VND23.4tn (USD974mn; -9% YoY) and NPAT was VND1.3tn (USD56mn; flat YoY), which fulfilled 76% and 73% of our respective full-year forecasts. Although revenue exceeded our expectations, NPAT fell short due to higher-than-e