Mobile World and FPT Retail receive good news right before Tet

(NLDO) - After deducting expenses, Mobile World's after-tax profit reached 3,733 billion VND, 22 times higher than the same period in 2023.

FPT Digital Retail Joint Stock Company (FPT Retail, stock code: FRT) recently announced its 2024 business results with revenue of VND 40,104 billion, up 26% over the same period and exceeding the annual plan.

Pre-tax profit reached VND527 billion, more than four times higher than the set plan and significantly improved compared to last year's loss of more than VND329 billion.

In the revenue structure, FPT Long Chau pharmacy chain contributed 25,320 billion VND (up 59% compared to last year), accounting for 63% of total revenue.

By the end of 2024, this pharmacy chain had 1,943 stores, an increase of 446 stores compared to the beginning of the year. Average monthly revenue per pharmacy remained at around VND1.2 billion in the context that the newly opened pharmacies in 2024 were smaller in scale than the existing pharmacies.

FPT Shop by FPT Retail

In 2024, FPT Long Chau will also actively expand its vaccination system by opening 116 new centers, bringing the total to 126.

Regarding the FPT Shop chain, it contributed VND 15,126 billion in revenue, accounting for 37% of total revenue, down 7% compared to 2023. Last year, FPT Retail closed 121 weak FPT Shop stores, reducing the number of stores to 634.

According to FPT Retail, thanks to a comprehensive restructuring strategy, FPT Shop's business results have improved. In the fourth quarter of 2024 alone, the average revenue per store reached VND 2.2 billion/month, the highest level since the beginning of the year. This is also the second consecutive quarter that the FPT Shop chain has recorded profits.

After the trial phase of converting the regular FPT Shop store model to FPT Shop Dien May stores in the third quarter; by the end of the fourth quarter, FPT Shop Dien May had expanded its network to 54 stores.

Following the positive news, at the end of the trading session on January 24, which was also the last trading session before Lunar New Year 2025, FRT shares responded, increasing by nearly 4% to VND 206,000/share, up nearly 11% compared to the beginning of the year and up more than 22% in the past 3 months.

Similarly, after Mobile World Investment Corporation reported a huge profit in 2024, at the end of the trading session on January 24, MWG shares of this company increased to VND60,100/share, up more than 4% in the past week and up more than 34% in the past year.

In 2024, Mobile World recorded net revenue of VND 134,341 billion, up 14% over the same period. Excluding expenses, the group's after-tax profit reached VND 3,733 billion, more than 22 times higher than the same period in 2023, exceeding the revenue plan by 7% and exceeding the after-tax profit target by 56%.

Mobile World Chain

Regarding the structure of the segments in 2024, the Mobile World chain (including Topzone) and Dien May Xanh will contribute VND 30,000 billion and VND 59,500 billion, respectively, accounting for 22.4% and 30.6% of total revenue.

Mobile World leaders assessed that the phone retail market in 2024 will be almost flat and only increase slightly in some refrigeration products. However, the company still achieved higher growth than the market despite operating 221 fewer stores than at the end of 2023, with old store revenue growth of more than 10%.

Most product lines have positive growth from 5% - 30%, especially the refrigeration and telephone industries achieving double-digit growth. Business efficiency has improved significantly and is the main pillar contributing to the company's profits.

Notably, MWG has partnered with major financial institutions such as Home Credit to launch a deferred payment solution, helping to reduce the financial burden on customers and provide more shopping options.

In addition, MW cooperated with VPBank to turn more than 3,000 Mobile World and Dien May Xanh stores into convenient financial service providers such as deposits, withdrawals and money transfers. After only 1 month of implementation, the company achieved a transaction value of more than 1,000 billion VND with nearly 150,000 transactions.

Bach Hoa Xanh chain reached more than 41,000 billion VND, up 30% compared to 2023. Average revenue in 2024 reached 2 billion VND/store, up 29% over the same period. Thanks to that, the chain has made a profit at the company level after 2 years of comprehensive restructuring.

An Khang chain recorded full-year revenue of nearly VND2,300 billion, up 3% over the same period. In the fourth quarter of 2024, average revenue/store increased by 15% compared to the average of the previous two quarters, and the loss decreased significantly compared to the remaining quarters of the year.

Avakids brought in nearly VND1,200 billion in revenue, up 35% year-on-year despite not opening any new stores. Avakids continues to be the mother and baby product retail chain with the highest average revenue in Vietnam, reaching VND1.8 billion/store at the end of the year.

EraBlue chain in Indonesia recorded revenue increase more than 4 times compared to the same period. Average revenue reached 2.8 billion VND/store.

Source: https://nld.com.vn/the-gioi-di-dong-va-fpt-retail-don-tin-vui-ngay-sat-tet-196250125112001264.htm