FPT Digital Retail Joint Stock Company (FRT) Q2 2024 earnings summary

Executive summary

• H1 net revenue was VND 18,281,165,349,556 versus VND 14,923,682,541,933; net profit after tax was VND 109,138,925,644, reversing a prior-year loss.

• Operating cash flow reached VND 1,941,748,746,607, compared with VND 348,146,201,089 in H1 2023.

Financial highlights

• H1 gross profit was VND 3,618,329,876,201 versus VND 2,267,714,158,435; cost of sales was VND 14,662,835,473,355 versus VND 12,655,968,383,498.

• H1 operating profit was VND 182,609,256,443, versus an operating loss of VND 204,146,893,790 in H1 2023.

• H1 profit before tax was VND 160,525,760,177 versus a loss of VND 198,319,348,021; income tax expense was VND 51,386,834,533.

• Q2 net revenue was VND 9,239,510,142,802 versus VND 7,170,329,933,895 in Q2 2023; Q2 operating profit was VND 93,522,967,969 versus a loss of VND 202,178,694,041.

Segment performance

• Operations comprise informatics equipment, mobile phones, components and related accessories, plus pharmaceutical business; all activities were in Vietnam.