Business
FPT Retail to be listed on HoSE
FPT Retail sent IPO registration to the Ho Chi Minh City Stock Exchange with 40 million shares, equivalent to a chartered capital of VND400 billion (US$16 million).
FPT Retail to be listed on HoSE.
|
FPT Retail accounts for 18% of the mobile phone retail market in Vietnam, second only to Mobile World (which accounts for 45%). In 2017, FPT's revenue was VND13 trillion (US$527 million), up 21% compared to 2016. Retained earnings as at 31/12/2017 was VND396 billion (US$15 million).
By the end of 2017, FPT Retail had total assets of VND3,8 trillion (US$155 million), down 18% compared to the beginning of the year. In particular, short-term assets were VND3,5 trillion (US$140 million), accounting for 91% of the total assets, mainly reflecting inventories of VND1,7 trillion (US$68 million) and cash & deposits of VND850 billion (US$34 million). Long-term assets of the company were VND360 billion (US$14 million), accounting for only 9% of the total assets.
In 2017, FPT Retail is proud to be on Top 10 most prestigious retailers in Vietnam, according to the recent report of Vietnam Report and Vietnamnet.
In order to achieve this result, FPT Retail has consistently pursued the “customer- centered” business goal with the continuous introduction of favorable policies for consumers.
In the fourth quarter of 2017, FPT Retail’s revenue reached VND3,9 trillion (US$157 million), up 20% over the same period prior year. Gross profit hence increased 49% to VND568 billion (US$22 million). In order to achieve this growth, the company's selling expenses were also up by half, from VND226 to 342 billion (US$9 – 13 million). Deducting expenses, FPT Retail achieved VND144 billion (US$5 million) of pre-tax profit and VND115 billion (US$4 million) of after tax profit, up 40% year-on-year, according to a report from FPT Retail.
The three largest shareholders of FPT Retail include FPT Corporation with 47%, followed by Dragon Capital with 20% and VinaCapital with 15%. On the OTC market, FPT Retail's share price is fluctuating around VND140,000 (US$5), equivalent to a market capitalization of VND5,6 trillion (US$224 million).
