FPT Digital Retail Joint Stock Company (FRT) Q3 2024 earnings summary

Executive summary

• 9M 2024 net revenue was VND 28,656,844,381,262, up from VND 23,159,634,593,483 in 9M 2023; net profit after tax was VND 274,552,021,224 versus a loss of VND 225,703,846,242.

• Cash and cash equivalents reached VND 2,169,613,383,180 at 30 Sep 2024, compared with VND 960,822,549,973 at 31 Dec 2023.

Financial highlights

• 9M gross profit was VND 5,508,599,853,727, compared with VND 3,639,020,880,660 in 9M 2023; cost of sales was VND 23,148,244,527,535.

• 9M operating profit was VND 381,860,300,896, versus an operating loss of VND 202,731,746,879 in 9M 2023; profit before tax was VND 357,609,239,688.

• 9M net profit attributable to parent shareholders was VND 206,417,963,239, versus a loss of VND 244,766,310,897 in 9M 2023.

• Q3 net revenue was VND 10,375,679,031,706; Q3 net profit after tax was VND 165,413,095,580, compared with a loss of VND 13,022,381,327 in Q3 2023.

Segment performance

• 9M revenue: informatics equipment, telephones, components and accessories VND 10,904,057,544,321; pharmaceutical business VND 18,006,060,701,455; others VND 25,115,383,228; consolidation eliminations VND 278,389,247,742.

• Segment profit before interest, taxes, depreciation and amortisation totaled VND 763,880,106,990; pharmaceutical business contributed VND 692,257,471,314 and informatics VND 67,357,850,785.

• Pharmaceutical business segment assets were VND 7,945,872,883,080 at 30 Sep 2024; informatics segment assets were VND 7,366,734,594,603.