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24 Jun

FPT Retail: Opening new 220 Long Chau pharmacies, the turnover of pharmaceutical segment is anticipated to soon reach VND 5,000 billion

FPT Retail expects to expand Long Chau pharmacy chain to 220 stores in 2020, the pharmaceutical segment is anticipated to contribute approximately VND 5,000 billion, accounting for 40% of the total turnover in the next 3 to 4 years. The pharmaceutical segment will contribute about 40% to FRT’s total turnover at an expected amount of VND 5,000 billion in the next 3 to 4 years.   On 28 May afternoon, at FPT Tan Thuan Towel (District 7, HCMC), FPT Digital Retail Joint Stock Company (FRT) has held the Annual Meeting of Shareholders of 2020. The Meeting has approved on fundamental targets and be...

22 Jun

FRT is confident that Long Chau pharmacy chain will break out from 2021 and account for 30% of the market share in the next 2 to 3 years

Recently, due to the Covid-19 epidemic and the directive of social distancing, the locations for Long Chau’s new pharmacies were not licensed, so the opening is slowed down. Although the situation has become stable now, Ms. Diep said, under the current context, it is expected that Long Chau will reach the break-even in 2022 (the initial plan is to incur profits in 2021). As one of the enterprises behind ICT retail trend, FPT Retail (FRT) had a strong battle phase and ranked second in the market. This is noteworthy, however, after the game of FPT Shop ended, it was also the...

22 Jun

FPT Retail aims to reach VND 220 billion of profit in 2020 and plans to expand Long Chau Chain to 220 stores

FPT Retail still expects to account for 30% of the market share of pharmaceutical retail channel through pharmacies in the next 3 to 4 years, in the future, the pharmacy segment will contribute about 40% of the Company’s total revenue at approximately VND 5,000 billion. On 28 May, FPT Digital Retail Joint Stock Company (FPT Retail) has organized the annual General Meeting of Shareholders of 2020. According to the report, in 2019, the Company achieved VND 16,634 billion in revenue, up 9% compared to that in 2018. Remarkably, the online sales reached VND 3,899 billion, up 60% compared to that in 2018...

3 Jun

Long Chau pharmacy chain has reached 100 stores

This May, Long Chau pharmacy chain, under FPT Retail, has officially reached the milestone of 100 pharmacies over 30 provinces and cities. Long Chau pharmacy chain has reached 100 stores over 30 provinces and cities. After two years being taken over by FPT Retail, Long Chau system has officially reached 100 stores, serving millions of customers in more than 30 provinces and cities across the country. The 100th store has been put into operation, which marks an important milestone in the development of Long Chau system. It is known that Long Chau chain currently sells prescription and over-the-counter medicines, functional foods, cosmetic pharmaceuticals...

3 Jun

Long Chau pharmacy chain has reached 100 stores

FPT Digital Retail Joint Stock Company (FRT) announced that Long Chau pharmacy chain has officially reached 100 stores across 30 provinces and cities nationwide in this May. "The 100th pharmacy has been put in operation, which marks an important milestone in the development of Long Chau system," emphasized by FRT in the latest press release. The pace of opening new stores in the past month is quite rapid compared to the number of 83 stores in 19 provinces and cities by the end of the first quarter of 2020. Besides offline sales, Long Chau system also promotes online sales with home...

3 Jun

Long Chau pharmacy chain gained VND 239 billion of turnover in the first quarter of 2020 and reached 100 stores

In a short time, Long Chau may face the risk when changing from selling non-quota products to official products, will add 10% of VAT to the cost of goods sold, the analysts raised their concerns.   After more than 2 years being taken over by FPT Retail (FRT), Long Chau chain has reached the milestone of 100 pharmacies in over 30 provinces and cities nationwide. The Company has also decided on 40 locations to open new stores in the second quarter of 2020. It is expected that Long Chau will reach 200 stores by the end of 2020. It is known that Long...

3 Jun

FRT plans to open 40 new Long Chau stores in the second quarter of 2020

(ĐTCK) FPT Digital Retail Joint Stock Company (FPT Retail, HoSE: FRT) has announced their consolidated financial statements for the first quarter of 2020 with VND 4,093 billion of turnover and VND 47 billion of profits before tax. Especially, the turnover from Long Chau pharmacy chain reached VND 239 billion in the first quarter of 2020, which was 2.5 times more than that in the same period of 2019. FRT said that they had been focusing on promoting online sales, especially during Covid-19 epidemic period. The online turnover in the first quarter of 2020 reached VND 1,107 billion, accounting for 27% of...

3 Jun

FPT Retail achieved VND 4,093 billion of turnover, VND 37 billion of revenue in the first quarter of 2020

Despite in a period where FRT is focusing on strong investment in Long Chau pharmacy chain while being affected by Covid-19 epidemic, FRT still gains some impressive results in the first quarter of 2020. In the first quarter of 2020, FPT Retail (FRT) reached VND 4,093 billion in turnover, down 3% compared to the last quarter of 2019. Its profits before tax reached VND 47 billion, which was VND 61 billion more than that in the last quarter of 2019. In that, Long Chau’s turnover reached VND 239 billion, up 20% compared to the last quarter of 2019, which was 2.5...

26 May

FPT Retail establishes clear lead in drugstores race

In a drugstores race between top electronics retailers Mobile World and FPT Retail that began in 2017, the latter is well ahead. A drugstore of FPT Retail in Ho Chi Minh City. Photo by VnExpress/Phuong Dong. FPT Retail, Vietnam’s second largest electronics retailer, announced mid-May that it has opened over 100 drugstores in over 30 provinces and cities, each selling prescription drugs, over-the-counter (OTC) medicines, functional foods and cosmetic products. Mobile World, the country’s top electronics retailer, only operates 20 drugstores in Ho Chi Minh City. The stores have a total daily traffic of 4,000 visits, according to the company’s website. Both retailers had...

11 May

Long Chau’s turnover in the first quarter increased by 2.5 times compared to the same period in 2019, FRT plans to open 40 new stores in the second quarter

(VNF) – FPT Digital Retail Joint Stock Company (FPT Retail, HoSE: FRT) has announced the production and business results of the first quarter of 2020. Long Chau’s revenue in the first quarter increased by 2.5 times compared to the same period in 2019, FRT plans to open 40 new stores in the second quarter. (Photo) Accordingly, in the period, the Company brought in VND 4,093 billion of turnover, which is decreased by 3% compared to the fourth quarter of 2019. The profit before tax of the Company during the period reached VND 47 billion. In FPT Retail’s system, Long Chau chain has gained...