FPT Retail sees profit up 30% to US$6.38 million in 6 months
FPT Retail holds 18% of the mobile phone retail market in Vietnam, second only to Mobile World with 45%.
FPT Retail's after-tax profit in the January - June period reached VND146.5 billion (US$6.38 million), up 30% year-on-year, equivalent to earnings per share (EPS) of VND2,155 (US$0.094), and meeting 39% of the year target.
Illustration photo.
|
In the second quarter, FPT Retail's revenue jumped to VND3.6 trillion (US$156.3 million), up 19% year-on-year.
FPT Retail's gross profit in the second quarter (Q2) reached VND498 billion (US$21.6 million), equivalent to a gross margin of 13.8%, lower than the rate of 14.2% from the same period last year.
The company's financial activities income in Q2 saw a reduction of 31% to VND7.81 billion (US$339,024).
In the April-June quater, sale expenses increased by 14% to VND310.1 billion (US$13.46 million), while financial and administrative expenses also increased, albeit at a slower pace, to VND26.43 billion (US$1.14 million) and VND73.7 billion (US$3.2 million), respectively.
FPT Retail recorded a after-tax profit of VND82.65 billion (US$3.58 million) in the second quarter, up 28% year-on-year.
In 2018, the company set target for after-tax profit of VND377 billion (US$16.36 million).
By the end of the second quarter, FPT Retail's total assets value reached VND4.16 trillion (US$180.5 million), in which inventories amounted to VND1.89 trillion (US$82 million) of the total.
The company increased its charter capital from VND400 billion (US$17.5 million) to VND680 billion (US$29.6 million) through a share dividend payout in May.
FPT Retail owns two retail chains: FPT Shop (selling mobile phones, laptops and accessories of many brands) and F.Studio (providing genuine Apple products and accessories).
FPT Retail holds 18% of the mobile phone retail market in Vietnam, second only to Mobile World with 45%, according to VietnamFinance.
21:45, 2025/01/15
Hanoi seeks 5% export growth in 2025
The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.
08:41, 2025/01/11
Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.
22:19, 2025/01/09
Hanoi's foreign trade turnover hits US$60.1bn in 2024
The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.
11:46, 2025/01/09
Vietnam confident of achieving 8% growth rate in 2025
Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.
14:34, 2024/12/26
UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.
16:41, 2024/12/16
Hanoi seeks greater efficiency in e-commerce tax management
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.