FPT Retail allowed to raise charter capital

Thursday, May 03, 2018 16:42

FPT Retail plans to issue additional 28 million shares to raise its charter capital in the second quarter of 2018. — Photo tinnhanhchungkhoan.vn

State Securities Commission has approved FPT Digital Retail JSC (FRT) to issue additional 28 million shares to existing shareholders to raise its charter capital in the second quarter of 2018.

The exercise ratio is 70 per cent, meaning that a shareholder who owns 10 shares will receive seven new shares.

After the issuance, the total number of outstanding FRT shares will be 68 million.

As many as 40 million FRT shares were listed and started trading on HCM Stock Exchange on April 26, with a reference price of VND125,000 (US$5.5) per share.

During the first trading session, FRT shares rose by 20 per cent and closed at VND150,000 per share.

On April 27, its shares continued to increase to the ceiling price, by seven per cent, bringing the company’s capitalisation to VND4.4 trillion.

By the end of 2017, FPT Retail achieved a revenue of VND13.1 trillion, up by 21 per cent year-on-year. The after-tax profit was VND290 billion, up by 40 per cent year-on-year.

Of the estimate, online sales revenue reached VND2 trillion, up by 68 per cent year-on-year and accounting for over 15 per cent of the total revenue.

In 2018, FPT Retail plans to increase its revenue to VND16 trillion, up by 22 per cent year-on-year, and post-tax profit to VND377 billion, up by 30 per cent against 2017.

FPT Retail plans to pay a dividend with a ratio of not less than 20 per cent in cash. The Board of Directors is authorised to decide the payment time.

By the end of the first quarter this year, revenue of the company reached VND3.8 trillion, up by 17 per cent year-on-year and achieving 24 per cent of its annual target.

Its post-tax profit touched VND64 billion, up by 33 per cent year-on-year and achieving 17 per cent of the annual target. — VNS

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