FPT Retail invests VND 75 billion to set up a pharmaceutical company
The charter capital of subsidiary company is VND 100 billion of which FPT Retail hold 75% the contribution capital. The recent resolution of the Board of directors of FPT Reatail (FRT) - code FRT has been approved the capital contribution of subsidiary companies with the ownership ratio up to 75%. Accordingly, FPT Long Chau Pharmaceutical Joint Stock Company (FPT Pharma) was established with chartered capital of VND 100 billion, of which FPT Retail contributed 75%, equivalent to VND 75 billion. FPT Retail also assigned Mrs. Nguyen Bach Diep, Chairman of the Board of Directors, to represent FPT Retail's total capital at FPT Pharma. Mrs. Nguyen Bach Diep will also be the legal representative of...
FPT Pharma has been established with charter capital of VND100 billion
The subsidiary company is FPT Long Chau Pharmaceuticals joint stock company ( abbreviation is FPT Pharma) with the charter capital of VND 100 billion that FPT Retail contribute 75%, equivalent to VND 75 billion. In 2017, FPT Retail marked their steps entering pharmaceutical field by purchasing Long Chau drugstore chain FPT Digital Retail Joint Stock Company (FPT Retail) stock code: FRT has just approved the capital contribution to set up the subsidiary company which operating in pharmaceutical field. The subsidiary company is FPT Long Chau Pharmaceuticals joint stock company ( abbreviation is FPT Pharma) with the charter capital of VND 100 billion that FPT Retail contribute 75%,...
Announcing the establishment of FPT Pharma, FPT Retail has officially entered the pharmaceutical field
The company operates in the field of pharmaceuticals named FPT Long Chau Pharmaceutical Joint Stock Company (FPT Pharma), with a chartered capital of VND 100 billion, of which FPT Retail contributed VND 75 billion. FPT Pharma has charter capital of VND 100 billion of which FPT contributed VND 75 billion FPT Retail (FPT Retail) has recently approved the capital contribution to set up a subsidiary company operating in pharmaceuticals field named FPT Long Chau Pharmaceutical Joint Stock Company (FPT Pharma). . The company has the head office at 379-381 Hai Ba Trung street, District 3, Ho Chi Minh city with the charter capital of VND 100 billion of...
FPT Retail: The profit after tax increased by 20% to VND227 billion
Explaining the reduction of profit margin, the analysts expressed the opinion that this was a short-term consequence, when FPT Retail had to sacrifice part of the profit margin to boost the revenue via F-Friend program and telco subsidy program. FPT Retail (FRT) has announced the third-quarter financial statement of 2018 with the increase of the revenue by 24% from VND3,004 billion to VND3,726 billion, resulting in a corresponding increase in gross profit to VND495 billion. However, the gross margin in the third quarter of this year is still lower than the level of the same period in 2017, which was nearly 14%, the margin this year only reached 13.3%. Concerning...
FPT Retail makes a financial contribution to establish the subsidiary company- FPT Long Chau Pharmaceuticals
In 2017, FPT marked their first steps in to pharmaceuticals field by purchasing Long Chau drugstore chain FPT digital retail join stock company (FPT Retail- stock code FRT) has just approved the capital contribution to establish the subsidiary company which is FPT Long Chau Pharmaceuticals joint stock company ( abbreviation is FPT Pharma) with the charter capital of VND 100 billion that FPT Retail contribute 75%, equivalent to VND 75 billion. FPT Pharma specializes in retailing pharmaceuticals, medical devices, cosmetics and toiletries in specialized stores. FPT Retail decided to entrust Mrs. Nguyen Bach Diep to The chairman of company, representative for all capital of FPT Retail at FPT Pharma. Mrs. Nguyen Bach...
FPT Retail invested in FPT Long Chau for pharmaceutical business
After 2 year taking over Long Chau drugstore chain, FPT Retail officially has established FPT Long Chau. On 13 September, the board of directors of FPT Retail has announced the resolution about establishing the subsidiary company- FPT Long Chau pharmaceutical joint stock company (FPT Pharma). FPT Long Chau has charter capital of VND 100 billion, the head office is in District 3 Ho Chi Minh city with the main business in retailing of medicines, medical instruments, cosmetics and toiletries in specialized stores. FPT Retail will hold 75% of FPT Long Chau, equivalent to VND 75 billion. The legal representative of FPT Long Chau is Mrs. Nguyen Bach Diep, Chairman of FPT Retail. In...
Dragon Capital and its affiliates owns 20% of FPT Retail’s charter capital
The funds managed by or affiliated with Dragon Capital have recently invested in FPT Retail and now own 4 million shares of FPT Retail, equivalent to 20% of the company’s charter capital. Temasek, Wareham, and Amersham are among the investors in the funds managed by Dragon Capital, which have invested in this deal. FPT Retail is currently the second largest retailers in Vietnam. In the first eight months of 2017, FPT Retail has delivered business revenue of VND 8,094 billion, up 25.4% year over year. FPT Retail is operating 445 stores nationwide. With revenue of 15,717 USD per square meter, FPT Retail...
FPT Retail exceeded the plan of 6 months
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...
FPT Retrail: betting on technology stores or pharmacies?
Maybank Kim Eng analysed the ambitions of FPT Retail as it has been expanding retail technology and drugstore. Betting on F.Studio Mrs. Nguyen Bach Diep- Chairman cum Chief of Executive Officer of FPT Retail presented a brief plan which is to extend the chain of FPT store to investors in a meeting. She said that FPT Retail is opening about 100 stores/year from 2018 to 2020, which helps the sum of stores reach 700 and stop at this number. “ The criterion of opening store is very simple. This is wherever the stores of competitors have average turnover 3 billion dong/ month,...
In the first quarter, FPT Retail profited 64 billion dong increased over the same period last year by 33%
FPT Retail also opened 13 new stores in this quarter, which made the sum of stores in system get 400. FPT Retail ( code: FRT) has already released the summarized turnover statement of the first quarter in 2018. The revenue got 3,884 billion dong increased 17% comparing with the same period last year. In this revenue structure, FPT Shop retail chain has got 97%; F. Studio chain has got 3%. The profit reached 64 billion dong, which increased over the same period last year by 33% and completed 17% of the plan in this year. Table: the summarized turnover stement in the first quarter in...