According to the second quarter financial report, FPT Digital Retail JSC (FPT Retail) recorded a revenue of 11,425 billion VND, a 23% increase compared to the same period last year. Pre-tax profit for this period jumped to 206 billion VND, approximately three times higher than the same period last year.

For the first half of the year, FPT Retail achieved a net revenue of 23,060 billion VND, a 26% increase, completing almost half of the year's plan. The company's pre-tax profit reached approximately 480 billion VND, significantly higher than the 160 billion VND in the first half of last year.

Long Chau remains the main growth driver for FPT Retail, with revenue increasing by over 4,500 billion VND compared to the same period last year, reaching 16,080 billion VND. This figure accounts for about 70% of the consolidated revenue. Profit before tax, interest, and depreciation for the pharmacy chain reached 772 billion VND in the first half of the year. By the end of June, Long Chau had over 2,190 pharmacies and 178 vaccination centers. The average monthly revenue per pharmacy reached 1.2 billion VND.

FPT Retail currently owns 78.59% of Long Chau Investment JSC, the company that directly manages the pharmacy and vaccination chain. This percentage has decreased compared to 80.74% at the end of the first quarter.

A Long Chau pharmacy next to an FPT Shop in Binh Thanh district, Ho Chi Minh City. *Photo: FRT*

In the phone and IT equipment business segment, FPT Retail recorded revenue of over 7,120 billion VND, an increase of only 3% compared to the same period last year. However, the average monthly revenue per store still saw a double-digit increase, reaching 1.9 billion VND. Management expressed their expectation that the FPT Shop chain will accelerate in the second half of the year thanks to recovering consumer demand.

This year, FPT Retail aims for a consolidated revenue of 48,100 billion VND and a pre-tax profit of 900 billion VND, 20% and 71% higher than last year, respectively. If achieved, this will be the highest profit since the company's listing 7 years ago.

On the stock market, FRT shares are trading around 151,000 VND. The company's market capitalization is approximately 1 billion USD.

Phuong Dong