Source: VietstockFinance, compiled by the author
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On February 25, the FRT Board of Directors passed a resolution to approve and submit to the Annual General Meeting of Shareholders for approval the 2025 consolidated business plan with revenue and consolidated pre-tax profit targets of VND 48,100 billion and VND 900 billion, respectively, up 20% and 71% compared to the previous year. These are also the highest revenue and profit figures in the Company’s operating history if completed, according to data from 2015.
In 2024, FRT also recorded growth in business results, bringing in more than VND 40,104 billion in revenue, up 26% compared to 2023 and exceeding the plan by 8%. Online revenue reached VND 7,165 billion, up 23%.
Looking at the chains, FPT Long Chau continued to grow by 59% and reached VND 25,320 billion in revenue (about VND 1.2 billion/pharmacy/month), contributing 63% to the structure. By the end of 2024, this chain operated 1,943 pharmacies, 126 vaccination centers, and had 17,700 employees, all up significantly from the beginning of the year.
Meanwhile, FPT Retail decreased by 7% and contributed the remaining 37% to the revenue structure. The number of stores continued the downward trend, with only 634 stores and 3,850 employees by the end of 2024. However, efficiency per store gradually improved, with the fourth quarter alone achieving VND 2.2 billion/store/month – the highest of the year.
Finally, the Company’s pre-tax profit was VND 527 billion, up 322% from the plan and significantly better than the loss of VND 294 billion in 2023.
2024 Consolidated Business Results of FRT – Photo: FRT
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The recovery in business performance is also somewhat reflected in the stock price on the stock market. Specifically, FRT stock price increased by 42% in 2024 and continued to record a strong increase in the first half of January 2025 to surpass the threshold of VND 200,000/share. However, subsequently, the stock entered a downward phase and closed at the latest session (February 25) at VND 175,300/share.
| FRT stock price maintains strong upward momentum |
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The business plan and many other important contents of the Company will be presented by the Board of Directors at the 2025 Annual General Meeting of Shareholders, expected to be held on April 25. The record date for attending the meeting is March 20.
– 10:03 26/02/2025
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