FPT Digital Retail Joint Stock Company (FRT) Q4 2023 earnings summary

Executive summary

• FY2023 net revenue was VND 31.85tn, while net loss after tax was VND 329.2bn, versus net profit of VND 398.1bn in FY2022.

• Total assets reached VND 13.10tn at year-end; current liabilities were VND 11.38tn, including VND 8.11tn of short-term borrowings.

Financial highlights

• FY2023 net revenue was VND 31.85tn vs VND 30.17tn; gross profit was VND 5.16tn vs VND 4.70tn.

• Operating loss was VND 296.5bn vs operating profit of VND 474.0bn; loss before tax was VND 294.2bn vs profit before tax of VND 485.6bn.

• FY net loss attributable to parent shareholders was VND 345.6bn; basic EPS was -VND 2,537 vs VND 2,865 in FY2022.

• Q4 net revenue was VND 8.69tn vs VND 8.46tn; Q4 net loss after tax was VND 103.5bn vs net profit of VND 96.7bn.

Segment performance

• Operations comprised informatics equipment, mobile phones, components and accessories, and pharmaceutical business; activity was conducted in Vietnam.

• FPT Long Chau Pharma held 80.47% ownership and voting interest; Viet Han Friendship, focused on warehouse services, held 99.98%.