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FPT Retail looks to open 300 more Long Chau pharmacies

The Saigon Times

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HCMC – FPT Digital Retail JSC (FPT Retail, FRT) targeted to earn VND720 billion in before-tax profit and launch 300 more Long Chau-branded pharmacies this year, according to the firm’s latest announcement about its upcoming annual general meeting of shareholders.

The meeting is scheduled to take place in HCMC on April 15.

FPT Retail said in the announcement that it is set to obtain VND27 trillion in revenues and VND720 billion in pre-tax profit in 2022, up 20% and 30% year-on-year, respectively.

Besides, the retailer will expand its business scale. By the end of 2022, it will raise the total number of FPT Shops to 717 units and Long Chau pharmacies to 700 units, in addition to launching more services and products.

Regarding its Long Chau pharmacy chain, the company will step up efforts to increase the pharmaceutical brand exposure across all of the 63 provinces and cities in the country and elevate its position in the local pharmaceutical market.

In addition, Long Chau will continue to develop around 50 exclusive products and own brand products to offer customers more quality products at reasonable prices.

Last year, FPT Retail signed a strategic deal on digital transformation with FPT Software. This year, FRT pledged to heavily invest in digital transformation projects and constantly improve its digital retailing platforms to offer better customer experience, reported Dau tu Chung khoan newspaper.

FRT hit its ceiling price of VND136,400, or soaring 6.98% today, March 16.

As for the benchmark VN-Index of the HCMC market, it gained 6.59 points, or 0.45% over the session earlier at 1,459.33, with 272 advancers and 150 decliners. Over 642 million shares worth some VND18.7 trillion, the lowest since February 7, were traded on the southern bourse, falling 7.6% in volume and 13.8% in value against the previous session.

The HNX-Index on the northern bourse improved 2.66 points, or 0.6% versus the previous session to end at 446.18, with 150 winners and 94 losers.

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