- PNJ will propose cutting its 2026 revenue goal to 39.06 trillion dong from 48.66 trillion dong previously, according to its emailed statement.
- The jeweler forecasts a 6.27 trillion dong ($241 million) loss and will set aside a 7.07 trillion dong provision for potential losses tied to its exchange and repurchase policy.
- The provision follows a diamond-smuggling scandal, and PNJ shares plunged on the disclosure.
Quotes
“It will set aside a 7.07 trillion dong provision for potential losses tied to its exchange and repurchase policy.”
“PNJ, as the company is known, will propose cutting its revenue goal to 39.06 trillion dong from 48.66 trillion dong previously, it said in an emailed statement.”