The Dragon Capital group has sold 410,200 shares of FPT Retail (FRT) on June 13, reducing its ownership from 8.3% to approximately 8% (around 10.9 million shares). The group could earn about 70 billion VND from this transaction. Since the beginning of the year, Dragon Capital has sold a total of 8 million FRT shares. The FRT stock has increased nearly 30% from an April low, currently standing at 173,900 VND/share, with a market capitalization of about 24 trillion VND. FPT Retail is proceeding to issue 34 million additional shares to pay dividends for 2024, aiming to raise its charter capital to 1.7 trillion VND. In the first quarter, FPT Retail recorded a revenue of 11.67 trillion VND and a profit of 213 billion VND, marking 29% growth and 3.5 times increase year-on-year. The 2025 target is a consolidated revenue of 48.1 trillion VND and a pre-tax profit of 900 billion VND, along with plans to expand to 2,794 stores nationwide, including 2,022 FPT Long Châu pharmacies.
Leave a Reply