In Q2, PNJ reported a net loss of nearly 283 billion VND, a record since its information disclosure began, attributed to an 865 billion VND provision for product repurchases.
Following a similar move by Ms. Cao Thi Ngoc Dung's brother, PNJ CEO Phan Quoc Cong has registered to acquire 1 million shares as the market price sees a significant drop.
When reselling diamond products to PNJ, customers may incur a loss of approximately 2-25%, depending on the product type, stone quality, size, and transaction method.
