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PNJ: Turnaround with improved margin

26/01/2021 - 10:20

Turnaround with improved margin

 

PNJ announced solid 4Q20 results, with revenues in line with our expectation but net income beating our forecast by +10.2% on higher than expected gross margin. The company is on its way to recovering, which is in line with the overall recovery of the economy.

20210125 PNJ 4Q20 results-edited

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