PNJ or Hau Giang Pharmaceutical reports record profits

The financial reports for the first quarter of 2023 of many companies such as Phu Nhuan Jewelry, Hau Giang Pharmaceutical, Central Pharmaceutical I... reached a record. Specifically, Phu Nhuan Jewelry Joint Stock Company (stock code PNJ) announced that it had achieved net revenue of VND 9,753 billion, a slight decrease compared to the same period last year. However, PNJ's profit after tax reached VND 749 billion, an increase of 3.8% over the same period and this is also a record profit to date. According to the company, the growth of the retail jewelry segment in the first quarter of 2023 remained at the same level as the same period last year, while wholesale jewelry and 24K gold revenue decreased slightly compared to the same period in 2022 due to the general market decline.

PNJ makes big profits while many businesses suffer heavy losses

Similarly, Hau Giang Pharmaceutical Joint Stock Company (stock code DHG) has just announced that in the first quarter of 2023, it achieved net revenue of VND 1,229 billion, an increase of 15% over the same period last year. Gross profit margin increased from 47% to 50%. After deducting all expenses, the company's after-tax profit reached VND 361 billion, an increase of 42% over the first quarter of 2022. In 2023, the company aims to achieve revenue of VND 5,000 billion and pre-tax profit of VND 1,130 billion. With the results of the first quarter of 2023, Hau Giang Pharmaceutical has completed 35% of the profit target and 25% of the revenue plan.

In the same pharmaceutical industry, Hanoi CPC1 Pharmaceutical Joint Stock Company (stock code DTP) also announced a record high profit increase. Specifically, at the end of the first 3 months of this year, the company achieved net revenue of more than 233.5 billion VND, an increase of nearly 95% and after-tax profit of more than 39 billion VND, an increase of 450% over the same period last year. Or Central Pharmaceutical Joint Stock Company I - Pharbaco (stock code PBC) achieved revenue of more than 298 billion VND, an increase of 51% and after-tax profit of nearly 24 billion VND, 6 times higher than the same period last year...

Notably, Danang Housing Joint Stock Company (stock code NDN) recorded net revenue in the first quarter of the year of more than VND 215 billion, a sharp increase compared to only VND 144 million in the same period last year. This helped the company earn a net profit of VND 106 billion, 4.5 times higher than in the first quarter of 2022. The company said that its business results in the last quarter increased dramatically thanks to the recording of revenue from transferring apartments at the Monarchy B project (VND 214 billion)....

Source: https://thanhnien.vn/pnj-hay-duoc-hau-giang-bao-lai-ky-luc-185230421170254269.htm