PNJ - NPAT only grows 7% YoY, despite solid 14% YoY retail sales growth - Earnings Flash
  • 24 Jan 2025
  • Company Research
* 2024 results: Net revenue was VND37.8tn (USD1.5bn; +14% YoY) and NPAT was VND2.1tn (USD84.6mn; +7% YoY), fulfilling 99% and 106% of our respective forecasts. Net revenue tracked in line with our expectation, but NPAT came in slightly ahead of our foreca