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PNJ - On pace to beat guidance thanks to core retailing business - Earnings Flash

PNJ released official H1 2016 results with net revenues and reported NPAT increasing 2.2% and 124.4%, respectively, vs H1 2015. Strong NPAT growth was thanks to 1) impressive 31% NPAT growth of core business driven by the retailing segment and 2) lower provision expenses related to PNJ’s investment in Dong A Bank.