Phu Nhuan Jewelry Joint Stock Company explained the difference of business result in Quarter 1/2022 compared to the Quarter 1/2021 with details as follows:
Content
Q1.2022
Q1.2021
Difference
Consolidated financial statement
- Net sales
10,142,717,252,585
7,181,771,463,337
41.2%
- Profit after tax
721,072,652,231
512,612,208,810
40.7%
Separate financial statement
10,909,376,002,660
8,187,423,809,982
33.2%
749,928,276,159
539,813,530,400
38.9
Net sales and profit after tax increased mainly due to:
- The excitement of the retail market in Quarter 1/2022.
- The implementation of key sales programs to attract and improve customer experience.
- Gold bar revenue increased by 61% over the same period.
- The Company has optimized operating costs and increased labor productivity.