HCMC – FPT Digital Retail JSC, or FPT Retail, (HOSE: FRT) saw robust earnings results in the first quarter of this year, with consolidated revenue rising 29% year-on-year to VND11.67 trillion.
Its pre-tax profit rocketed 207% to VND273 billion, reaching 30% of the company’s full-year target. The strong performance was largely driven by the company’s Long Chau drugstore chain, which posted VND8.05 trillion in revenue, up 46% year-on-year.
Long Chau accounted for 69% of FPT Retail’s total revenue. As of the end of March, Long Chau’s network had grown to 2,022 stores nationwide, with each store generating average monthly sales of VND1.3 billion.
Meanwhile, the firm’s FPT Shop retail chain maintained stable operations, booking VND3.68 trillion in revenue for the quarter. This result was attributed to streamlined operations and a focus on high-growth product categories.
By the end of the first quarter, FPT Retail’s nationwide network included 2,794 stores, comprising 2,022 Long Chau drugstores and 144 Long Chau vaccination centers.
Closing the trading session today, April 28, FRT edged up 1.78% to VND165,900, with 725,500 shares changing hands.
The VN-Index dropped 2.43 points, or 0.2%, to close at 1,226.8 points, with 235 winners and 262 losers.
Total trading volume reached nearly 680 million shares with a value of VND14.15 trillion, down around 15% and 20% over the previous session, respectively. Block deals made up roughly 103.5 million shares, worth VND1.87 trillion.
The VN30-Index lost nearly five points as 15 bluechips rose and 13 others fell, ending at 1,312.32 points.
VHM shares were heavily sold by local and foreign investors, dropping 6.1% to its daily low and dragging the main index by more than three points. Foreign investors net sold almost two million VHM shares.
FPT shares ended the session down 2.6%, with trading volume at 3.85 million shares and net foreign selling close to one million shares.
SAB performed well among VN30 stocks, rising 3.4% to its session high, buoyed by foreign net buying of 1.16 million shares. SSB gained 2.8%, while most other bluechips made modest gains.
Developer NVL surged 5.5% to VND11,450 per share, with nearly 27.4 million shares changing hands and strong foreign net buying.
SHB finished lower but topped the market by trading volume at over 54.2 million shares.
On the Hanoi Stock Exchange, the HNX-Index slipped 0.27 point, or 0.13%, to 211.45 points, with more than 41 million shares traded valued at over VND648.5 billion. The northern market saw 89 advancers and 73 decliners.
