Analysts said technology retailers had managed to sustain growth though the market had gradually become saturated because they had shown the flexibility to enter other businesses.
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.
FPT Digital Retail Joint Stock Company, a subsidiary of IT giant FPT Corporation, will issue 10.3 million shares worth VND103 billion (US$4.4 million) to pay dividends in the next quarter of the year.
FPT Digital Retail JSC (FRT) is aiming for VND17.8 trillion (US$76 million) and VND418 billion in net revenue and post-tax profit this year, up 16 per cent and 20 per cent year-on-year, respectively.
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.
FPT Digital Retail JSC (FPT Retail) hopes its pharmaceutical unit will contribute 30-40 per cent of the company’s total revenue in the next three to four years, chairwoman and general director Nguyen Bach Diep said yesterday.
FPT Digital Retail Joint Stock Company is planning its initial public offering (IPO) on December 15 and seeking to debut its shares on the HCM Stock Exchange prior to April next year.
Information and communication technology group FPT Corporation has sold six million shares or 30 per cent of its stake in FPT Digital Retail JSC to funds managed by and associated with Dragon Capital and VinaCapital.