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Công ty CP Bán Lẻ Kỹ Thuật Số FPT / Company infomation  / FRT plans to open 40 new Long Chau stores in the second quarter of 2020
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 FRT’s total turnover.

Regarding the store network, at the end of the first quarter of 2020, FRT had 603 FPT Shop stores in total. There were 83 Long Chau stores spreading across 19 provinces and cities with 13 new stores compared to the end of 2019. Currently, Long Chau has decided on 40 locations to open new stores in the second quarter of 2020.

It is expected that the General Meeting of Shareholder will be held on 28 May 2020 under offline and online meeting.

For the plan in 2020, FPT Retail will continue to maintain the operation of FPT Shop along with cross-selling products in the form of shop – in – shop, boosting the investment in FPT Long Chau pharmacy chain, switching to electronic form in customer service, optimizing the internal management, and at the same time, testing more new business segments.

Recently in the market, FRT’s shares have risen sharply. Especially, in April alone, FRT’s shares were increased by more than 90%, closing the session of 29/4 at the price of VND 21,250 per share.

According to Hoang Minh, Dau tu Chung khoan.

Published April 29, 2020