Services
Wrapping up the first half of 2024, FPT Retail recorded a consolidated revenue of VND 18,281 billion, a 22% increase compared to the same period last year, completing 49% of its plan. Online revenue for the entire company reached VND 3,213 billion, a 17% increase year-on-year. FRT’s pre-tax profit for the first six months of 2024 continued to improve, reaching VND 161 billion.
The FPT Long Chau pharmacy chain recorded a 67% growth in revenue compared to the first six months of 2023, achieving VND 11,521 billion and accounting for 63% of FRT’s total revenue. At the same time, operational efficiency was maintained with an average revenue of VND 1.2 billion per pharmacy per month, despite the continuous opening of new pharmacies.
In the first six months of 2024, FPT Shop’s revenue reached VND 6,923 billion, contributing 37% to the company’s total revenue. In the second quarter of 2024, FPT Shop completed the optimization of its system by closing approximately 100 underperforming stores and recognizing all closure costs in the second quarter. However, revenue for the second quarter of 2024 decreased by only 7% year-on-year, lower than the 21% decline in the first quarter of 2024 compared to the same period last year. Simultaneously, the average revenue per FPT Shop store reached VND 1.6 billion per month, equivalent to the figure for the first quarter of 2024, despite the second quarter being a low season for shopping demand. In parallel with optimizing its store system and operating costs, FPT Shop continued to boost the sales of new products and services such as home appliances, electrical appliances, and the development of FPT MVNO subscriptions… contributing to improved gross profit. Therefore, excluding the costs associated with closing underperforming stores, FPT Shop’s business results for the second quarter of 2024 were better than those of the first quarter.
In terms of store network, as of the end of the first half of 2024, FPT Retail owned a network of 2,435 stores nationwide. FPT Long Chau expanded to 1,706 pharmacies, an increase of 209 pharmacies compared to the beginning of 2024. In the second quarter, Long Chau expanded its vaccine injection network with 36 new facilities, reaching 87 centers in 40 provinces, contributing to the goal of building a comprehensive healthcare ecosystem for customers. After the system optimization phase, FPT Shop now has 642 stores across the country.
 FPT Retail concluded the first half of 2024 with a 22% revenue growth.
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Highlighting FPT Retail’s notable activities in the first half of the year, the company continued to extend its embrace of love with the program “Long Chau se chia – Dong hanh cung chien binh nhi” (“Long Chau Shares – Accompanying Little Warriors”) and the journey for the community’s health. Long Chau is ready to be the “Extended Arm” of Vietnam’s healthcare sector, actively collaborating with various sectors, associations, etc., to wholeheartedly take care of community health through activities such as joining the global project “May Measure Month 2024” and participating in the “6th Hypertension Conference” organized by the Vietnam Hypertension Association – Vietnam Cardiovascular Association (VNHA). In addition, FPT Long Chau strategically partnered with Omron to introduce next-generation blood pressure products and collaborated with AstraZeneca to bring advanced therapies to enhance the quality of life for millions of COPD patients in Vietnam.
“Long Châu sẻ chia – Đồng hành cùng chiến binh nhí” expands the circle of love, supporting young patients fighting their illnesses.
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In the first half of the year, FPT Shop also became a major partner with brands in developing their brands. As a result, FPT Shop became the number one partner in terms of Garmin Brand Store outlets. By leveraging the FPT ecosystem and VnExpress Marathon, along with local communities, FPT Shop has helped Garmin develop its brand through leading sports events in Vietnam. Simultaneously, the system has been promoting the development of MVNO SIM card services, offering customers new and convenient experiences.
