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FPT Retail logs record growth, eyes US$1.2 billion in sales next year

(Source: FPT)

FPT Retail, the parent of the FPT Shop and Long Chau pharmacy chains, says it aims to increase sales this year by 20 per cent to VND27 trillion (US$1.2 billion) and is targeting pre-tax profit growth of 30 per cent. 

The company reported a 53 per cent year-on-year growth in revenue last year, reaching US$988.8 million with pre-tax profit surging a massive 1849 per cent. Online sales accounted for 28 per cent of the revenue, increasing 21 per cent year on year.

Revenue in the pharmacy business reached $174.8 million, 3.3 times higher than the year before. The chain opened 200 new stores last year, doubling its network to 400. 

Meanwhile, electronics retailer, FPT Shop, saw a 38-per-cent increase in revenue compare to 2020. By the end of last year, the chain had 647 stores across the country with 52 new stores opened during the year. 

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