In the first 6 months of 2021, the revenue of Long Chau Pharmacy chain reaches VND 1,336 billion, approximately 3 times higher than that of the same period in 2020, which significantly contributes to FPT Retail’s revenue growth of 24%.
In the first 6 months of 2021, FPT Retail has completed 63% of the profit plan for the whole year.
FPT Digital Retail Joint Stock Company (FRT) has just announced its business results for the first 6 months of 2021 with the accumulated revenue of VND 9,024 billion, up 24% over the same period in 2020, completing 55% of the target plan in 2021. In which, the revenue of Long Chau Pharmacy chain achieves VND 1,336 billion, nearly 3 times higher than that of the same period in 2020.
Consolidated profit before tax of the Company is at VND 76 billion, increasing by 189% over the same period, fulfilling 63% of the profit plan set out in 2021.
Regarding the online segment, revenue in the first 6 months of 2021 reaches VND 2,829 billion, up 10% compared to the first 6 months of 2020 and accounts for 31% of FPT Retail’s total consolidated revenue. Besides that, with the advantage of being the leading laptop retailer in Vietnam, in the context of high demand for laptops during pandemic period, the Company’s laptop revenue achieves VND 1,329 billion, up 31% compared to the same period of 2020.
In the first half of 2021, FPT Shop is the store chain with the fastest growth rate, being at the top of the laptop retail market with 31% market share, according to GfK data. Therefore, for every 10 laptops sold, more than 3 are purchased at FPT Shop.
It can be seen that in the first half of 2021, operating results of FRT are relatively positive. This will be a stepping stone to support the performance of the second half of the year when the second half of the year is forecasted to be very difficult due to the complicated and unpredictable developments of the Covid-19 epidemic across the country.
Regarding the store network, by the end of the first half of 2021, the FPT Shop chain has had 625 stores in total, in which 30 stores have been newly opened compared to the beginning of 2021.
Meanwhile, Long Chau Pharmacy chain has signed 150 rental contracts, with 68 newly-opened stores, which brings the number of Long Chau stores to 268.
At the General Meeting of Shareholders in 2021, the Company set a target for 2021 of VND 16,400 billion in revenue and VND 120 billion of profits before tax, corresponding to a revenue growth of 12% and profit before tax of 320%.
In order to achieve the above goal, FPT Retail will deploy many action programs simultaneously around 3 strategic directions: one is to improve the efficiency of FPT Shop retail chain, second is to focus on the pharmaceutical retail segment of Long Chau Pharmacy chain and three is to invest in technology.
According to The Hoang, Bao Dau tu
Published July 27th, 2021