FPT Retail focuses on pharmacy segment

Friday, Jul 19, 2019 15:14

FPT Retail aims to have 470,000 Long Chau pharmacy stores in 2021. — Photo baodautu.vn

FPT Digital Retail JSC (FPT Retail) recorded net revenue of more than VND8 trillion (US$343.35 million) in the first half of 2019, a year-on-year increase of 7.5 per cent.

The figure was revealed by the company’s deputy general director Nguyen Viet Anh at a conference held in Ha Noi on Thursday.

Notably, revenue from e-commerce increased by 40.6 per cent to reach approximately VND1.65 trillion, account for 21 per cent of total revenue.

Revenue from accessories was VND374 billion, up 25 per cent year-on-year. The amount of SIMs sold in the reviewed period reached 460,000 pieces, a sharp increase of 91 per cent compared to the same period in 2018.

From January to June, FPT Retail posted pre-tax profit and after-tax profit of VND201 billion and VND158 billion, up 9.6 per cent and nearly 8 per cent, respectively.

This year, the company targets revenue of VND17.7 trillion and after-tax profit of VND418 billion, equivalent to growth of 16 per cent and 20 per cent respectively compared to 2018.

FPT Retail's Compound annual growth rate (CAGR) for 2019-21 is 15 per cent per year for revenue and 20 per cent per year for pre-tax profit.

By June 2019, the total number of stores was 558 units, an increase of 25 stores compared to the beginning of the year.

FPT Retail’s representative also revealed the company will continue to invest in developing its Long Chau drugstore chain, which will lead in FPT Retail's overall growth in the future.

The company aims to have 470,000 Long Chau pharmacy stores in 2021 and the revenue from its pharmaceutical business will reach VND4.4 trillion. — VNS

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