PNJ - On pace to beat guidance thanks to core retailing business - Earnings Flash
  • 2016-07-25T18:20:23
  • Company Research
PNJ released official H1 2016 results with net revenues and reported NPAT increasing 2.2% and 124.4%, respectively, vs H1 2015. Strong NPAT growth was thanks to 1) impressive 31% NPAT growth of core business driven by the retailing segment and 2) lower provision expenses related to PNJ’s investment in Dong A Bank.