FPT Retail Company Q2 2021 Financial Statements Analysis for HOSE: FRT by Hikarivu
Business Performance Assessment – Analysis of Financial Statements of FPT Retail Business ( FRT ) Q2 2021:
Analysis of the financial statements of FPT Retail Company Second quarter 2021 after-tax profit reached VND 30 billion, an increase of VND 48 billion compared to the same period (second quarter 2021 after-tax profit was negative at VND 18 billion). The reason for the growth Profit after tax comes mainly from the growth in gross profit (increase in income) and growth in financial income, reducing financial expenses.
Net sales for the second quarter of 2021 reached VND 4,359 billion, up VND 1,155 billion (+ 36% over the same period). Financial income in the second quarter of 2021 increased by 33 billion (+ 210% over the same period), financial charges decreased by 7 billion (-18% over the same period).
The increase in financial income is explained by FPT The increase in held-to-maturity investments and short-term retail loans, which are detailed below.
Financial review – Analysis of the financial statements of FPT Retail Business ( FRT ) Q2 2021
Analysis of the financial statements of FPT Retail Business ( FRT ) Q2 2021 BCDKT
Analysis of the financial statements of FPT Retail ( FRT ) Q2 2021 Total capital reached 7,715 billion VND, an increase of 2,989 billion VND (+ 63% over the same period). The capital growth is mainly due to the increase in loans and short-term finance leases. These are domestic and foreign bank loans of FPT Retai ( FRT ).
Loans have relatively low interest rates ranging from 1.9% / year to 4.1% / year, with low cost capital mobilization, FRT will have many opportunities to make loans and investments to derive more profit from financial activities.
Analysis of the financial statements of FPT Retail Q2 2021 The additional capital is mainly used to increase the investment held to maturity by VND 1,470 billion (+ 364% over the same period) and to increase short-term loan receivables by 1,550 billion VND (+ 1059% over the same period). These two loans have interest rates ranging from 5% / year to 7.5% / year.
With the advantage of cheap loans and higher loans, FPT Retailing has a great advantage in generating profits from financial activities, contributing a significant portion of the after-tax profit of the business. business.
Analysis of the financial statements of FPT Retail Company Q2 2021 Equity represents 27% of total capital, which is a rather risky ratio when using leverage. However, a large portion of the assets are easily recoverable short-term financial assets, amounting to more than $ 4 trillion, so there is no need to worry about the overuse of loans. FPT Retail. These loans all contribute to the financial income of FRT .