AsemconnectVietnam - FPT Digital Retail Joint Stock Company (FPT Retail, code FRT - HOSE) has taken the next steps in the process of participating more deeply in the health ecosystem.

On October 2, FPT Retail announced that it had completed the establishment of a new subsidiary, FPT Long Chau Investment Company Limited, from August 6. In which, FPT Retail will own 100% of the capital in the new subsidiary.
FPT Retail previously approved the plan to establish FPT Long Chau Investment Company Limited when contributing all shares of FPT Long Chau Pharmaceutical Joint Stock Company to the new company.
In which, FPT Long Chau Investment Company Limited is located at 379-381 Hai Ba Trung, Vo Thi Sau Ward, District 3, Ho Chi Minh City; charter capital of VND673.65 billion; and operates mainly in the field of management consulting.
Thus, from August 6, FPT Long Chau Pharmaceutical Joint Stock Company is no longer a subsidiary of FPT Retail.
Previously, at the General Meeting of Shareholders at the beginning of the year, Ms. Nguyen Bach Diep, Chairman of the Board of Directors of FPT Retail, shared the potential of the health ecosystem from preventive medicine, diagnosis, treatment, pharmacy, home monitoring and insurance, where the Company has and will continue to expand its operations.
At the same time, Ms. Nguyen Bach Diep revealed the plan to call for new capital at the Long Chau chain: "To move towards a health chain, Long Chau plans to privately offer up to 10% of its capital to participate in the health ecosystem".
In terms of business activities, in the first half of 2024, FPT Retail recorded consolidated revenue of VND18,281 billion, up 22% over the same period, completing 49% of the plan; pre-tax profit reached VND161 billion, completing 128% of the annual plan (pre-tax profit plan for 2024 is VND125 billion). Of which, the company's total online revenue reached VND3,213 billion, up 17% over the same period.
FPT Long Chau pharmacy chain recorded revenue growth of 67% compared to the first 6 months of 2023, reaching VND11,521 billion and accounting for 63% of total FPT Retail revenue. At the same time, operating efficiency was maintained with an average revenue per pharmacy of about VND1.2 billion/month in the context of continuously opening many new pharmacies.
N.Nga
Source: VITIC/Tinnhanhchungkhoan