FPT digit retail joint stock co has just released their business result in the second quarter 2018 with the turnover of first 6 months reached 100.4% compared with the plan.
FPT digit retail joint stock co (FPT Retail- FRT) has informed the business result of second quarter 2018 with the net turnover VND 3.596 billion- increasing 19% comparing with the same period last year. The turnover of first 6 months has completed 100.4% the initial plan.
Comparing with the whole year, the revenue of the first 6 months reach 47% and the profit gets 39%, which follow closely to the plan that is approved at the early of year basing on the seasonal and history sales of previous years. The profit of the second quarter approximately VND 83 billion and accumulated VND 146.5 billion, increasing 30% compared with the same period last year.
In particular, the growth of e-commerce is faster than general growth. Specifically, the first six months of 2018 growth was 21.31%. Gross profit margin in the first 6 months was 13.18%, equivalent to the same period last year due to the discounted investment in sales programs. Special offers for employees of the Company (F.Friends program) and pay discounted prices for the promotional phones of the firms (the difference will be deducted from the sponsor money of mobile’s brand for next month).
Short-term liabilities of the bank increased 1.8 times compared to the beginning of the year due to the investment in credit programs for employees (F.Friends) and subsidy mobile-Subsidy program, but the ratio of short-term debt to capital has improved considerably by half in comparison with the same period last year.
At the end of the second quarter, FPT Retail has 516 shops in total (there are 473 shops at the end of 2017). FPT Retail has opened more 43 stores within the first 6 moths.
According to Dong Sang
Nhip cau dau tu magazine