Long Chau pharmacy chain is continuously expanding its scale, while FPT Shop stores have to cut down to optimize. In the photo, many pharmacies are concentrated on Hai Ba Trung Street (HCMC) - Photo: BONG MAI
The business picture of FPT Digital Retail Joint Stock Company (FPT Retail, stock code FRT) has just been revealed, with many notable contents.
Long Chau chain contributes 63% of total revenue
The financial report shows that in the first half of 2024, the company recorded consolidated revenue of nearly VND 18,300 billion, an increase of 22% over the same period last year. After deducting expenses, the company had a net profit before tax of VND 161 billion, an improvement over the loss in the same period last year, exceeding the set plan.
Notably, the Long Chau pharmacy chain alone contributed 63% of FPT Retail's revenue, with a figure of more than VND 11,520 billion (+67%). On average, each pharmacy achieved a revenue of VND 1.2 billion/month, in the context of many new pharmacies continuously opening.
Thus, although it was born later, Long Chau's revenue is 1.6 times higher than that of the FPT Shop phone and electronics chain.
FPT Retail's first 6-month 2024 business results, revenue by two main chains
FPT Shop optimizes store
In the second quarter of 2024, FPT Shop completed system optimization by closing about 100 inefficient stores. On average, each store earned 1.6 billion VND/month in revenue, a low quarter for shopping demand.
In parallel with optimizing the store system model and operating costs, this enterprise also continues to promote the sale of new products and services such as household appliances, electronics, and network subscription development, contributing to improving gross profit.
Therefore, excluding the cost of closing ineffective stores, FPT Shop's business results in the second quarter were still better than the first quarter of the year.
Regarding the network, as of mid-year, FPT Retail owns 2,435 stores nationwide. Of which, Long Chau chain has 1,706 Long Chau pharmacies (an increase of 209 pharmacies compared to the beginning of this year), 87 vaccine injection centers (an increase of 36 newly opened facilities).
After the system optimization phase, FPT Shop currently has 642 stores nationwide.
On the stock market, closing today's trading session, FRT code is anchored at 169,300 VND, down 3% in a week, up more than 116% in the past year.
Source: https://tuoitre.vn/chuoi-nha-thuoc-long-chau-mo-rong-quy-mo-fpt-shop-dong-100-cua-hang-20240730182631512.htm
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