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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...

11 May

Long Chau chain has decided on 40 locations to open new stores in the second quarter of 2020

Up to now, Vietnam is easing social distancing campaign gradually, FRT – the owner of Long Chau chain – accordingly will launch many practical incentives for the customers. As one of the units that have been affected heavily by Covid-19 epidemic when the factories in China were locked down from operation, FPT Retail (FPT) has witnessed an increase in profits to VND 35,6 billion in the first quarter. Promotions will be increased to bolster up the consumers’ demand after social distancing Sharing with us, the Company’s representative said that the Covid-19 epidemic had a quite serious and multi-dimensional impact on all economic and...

11 May

The new General Director of FPT Retail

On 06 March, the Board of Management of FPT Digital Retail Joint Stock Company (FPT Retail) has approved the resolution to appoint Mr Hoang Trung Kien, the member of the Board of Management, as the General Director of FPT Retail since 07 March 2020. Ms Nguyen Bach Diep will continue to be the Chairman of the Board of Management. Mr. Hoang Trung Kien In 3 years, FPT Retail aims to improve the operational efficiency of all the business fields and become the leading multi-industry retail company in Vietnam. In particular, FPT Shop – the digital-product retailing system will optimize profits by focusing on...

25 Jun

FPT Retail partners with Fado

A screenshot of FPT Shop’s website. FPT Retail teams up with Fado to sell international products – PHOTO: CHI THINH HCMC – FPT Digital Retail JSC, or FPT Retail, has cooperated with cross-border ecommerce platform Fado to sell international products made in the United States, Japan and Germany, a representative of FPT Retail announced. Customers can now purchase these products on the website https://hangmy.fptshop.com.vn/. The representative said that the international products available on the website have clear origins, and that under the agreement, Fado will bear legal liability in terms of commodities, while FPT Shop will act as an intermediary with domestic customers. The...

5 Jun

FPT Retail’s Shareholders General Meeting: The profit will increase by 20%, Long Chau chain still incurs losses

FPT Digital Retail Joint Stock Company’s Shareholders General Meeting (FPT Retail, code: FRT) has passed the business plan for 2019 with the target revenue of VND17,700 billion, up 16%, and the profit after tax of VND418 billion, up 20% compared to 2018. In that, the revenue is contributed mainly by media which is ITC, with the expected amount of VND17,200 billion; regarding the new industry, which is Long Chau pharmaceutical chain, such sector may contribute only VND500 billion in the revenue without generating profits, the expected loss is VND20 billion. The promotion of installment purchase and accessories distribution contributes to the growth...

3 Jun

What can FPT Retail do to increase the profit by 20% in 2019?

In 2019, FPT Retail has planned to reach the net revenue of VND17,700 billion, profit after tax of VND418 billion, equivalent to the growth of 16% and 20%, respectively. The accessories bring high profits In order to achieve the growth target set out, FPT Digital Retail Joint Stock Company (HoSE: FRT) will open new stores, boost online sales, increase the industry of accessories and sim cards. Specifically, regarding IT industry, FRT will open 100 new stores in order to have 633 stores in total. Accessories such as memory cards, cases, backup chargers, etc. are expected to bring about VND1,000 billion in revenue for...