FPT Retail (FRT) plans revenue of VND48,100 billion in 2025 and continues to expand the Long Chau chain
Sunday, April 13,2025
AsemconnectVietnam - FPT Digital Retail Joint Stock Company (FPT Retail, code FRT - HOSE) announced documents for the 2025 Annual General Meeting of Shareholders, the meeting is scheduled to be held on April 25 in Ho Chi Minh City.
In 2025, FPT Retail plans revenue of VND48,100 billion, up 19.9% over the same period, pre-tax profit is expected to be VND900 billion, up 70.8% compared to the implementation in 2024.
Regarding business orientation, the Long Chau chain continues to focus on expanding coverage, innovating and applying modern technology to improve customer experience, consolidating its leading position in the pharmaceutical retail industry.
In addition, Long Chau continues to invest in expanding the current vaccination chain, aiming to improve service quality, ensuring a more convenient and efficient customer experience.
For the FPT Shop chain, the chain will continue to adjust the product structure to optimize profit margins, focusing on items with high gross profit to improve business efficiency. In addition, the Company promotes the development of the FPT Shop Dien May model, gradually converting regular FPT Shop stores to the new model to meet the diverse needs of customers. In addition, the Company continues to promote the strategy of exploiting the FPT virtual mobile network - Mobile Virtual Network Operator (MVNO) to complete the digital ecosystem.
Previously, at the end of 2024, FPT Retail recorded revenue of VND40,104 billion, an increase of 25.9% over the same period, pre-tax profit reached VND527 billion, an increase of VND821 billion compared to the implementation in 2023. In addition, in terms of the store system, by the end of 2024, FPT Retail owned a total of 2,703 stores covering 63 provinces and cities. Long Chau chain has 2,069 stores, including 1,943 pharmacies and 126 vaccination centers, an increase of 446 pharmacies and 116 centers, respectively, compared to the beginning of 2024. FPT Shop chain has 634 stores, including 54 FPT Shop Dien May, a decrease of 121 stores compared to the beginning of 2024 due to system optimization by closing inefficient stores in the second quarter of 2024.
Returning to the submissions, FPT Retail presented to shareholders a plan to pay dividends in 2024 in shares at a rate of 25%.
In addition, FPT Retail also presented to shareholders the addition of payment agent activities to take advantage of the nationwide store network.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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