Bookstore chain Fahasa says profits rise 65%
By Mei Ling Tan
1 min read
Leading bookstore chain Fahasa saw its first half profits surging 65% to VND15.4 billion (US$657,000).
Revenues rose by 10.8% to VND1.77 trillion.
It had an excellent second quarter with profits of VND11.05 billion on sales of VND1.13 trillion.
For the full year it targets profits of VND18 billion and revenues of VND3.5 trillion, up 3,051% and 125%.
Last year, since it had to close many of its stores due to Covid-19 restrictions, its profits were down to just VND590.5 million on sales of VND2.79 trillion.
Fahasa was established in 1976 and went public 30 years later. It has 71 stores across the country now, down from 115 at the end of 2020.