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Expanding
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Industry structure of FIT Group
Reconstruct
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Result
There are many more aspects to FIT’s restructuring that can be listed and 188bet cho điện thoại process is still ongoing. However, perhaps a lot would also be too little if 188bet cho điện thoại process does not bring shareholder value.
2018 witnessed an unprecedented poor business result whilst net profit from operating activities was only over 6 billion VND, after-tax loss was over 9.3 billion VND. That was a real shock to investors as before that 188bet cho điện thoại numbers for those targets were in hundreds of billion dong annually.
Understanding that any explanation will be meaningless if 188bet cho điện thoại restructuring does not work, Group leaders and its affiliates are determined to focus on action, improving business performance to turn 188bet cho điện thoại dream of a efficient and sustainable development of a multidisciplinary corporation comes to reality, demonstrating FIT’s commitment to shareholders to a more valuable corporation after restructuring.
In 2019, nearly 2 years after 188bet cho điện thoại restructuring, 188bet cho điện thoại Group’s business results are gradually clearer as planned and expected. Although net sales decreased compared to previous years due to 188bet cho điện thoại Group’s plan to proactively reduce sales of low-margin products, it is important that 188bet cho điện thoại business performance indicators have improved compared to period before restructuring. At 188bet cho điện thoại end of fiscal year 2019, net profit from operating activities reached 110 billion VND, profit after tax reached 92 billion VND.
Even though these numbers are only 188bet cho điện thoại beginning, in case compared with 188bet cho điện thoại low results of 188bet cho điện thoại restructuring year 2018, it is a real breakthrough, affirming that 188bet cho điện thoại Group’s restructuring strategy is not only possibly noticed by activities, but also by financial results.
188bet cho điện thoại results of 188bet cho điện thoại restructuring become even more valuable when 188bet cho điện thoại trend of improvement is spotted consistently across most operations.
For example, in 188bet cho điện thoại pharmaceutical sector, Cuu Long Pharmaceutical experienced a profit growth of 585% compared to 2018. In 188bet cho điện thoại food sector, Westfood observed a profit growth of 40%, or in 188bet cho điện thoại FMCG sector, Vikoda from 188bet cho điện thoại nearly unprofitable place in previous years recorded a profit of more than 20 billion VND in 2019, an increase of 69.8 times compared to 2018. In 188bet cho điện thoại agricultural sector, Can Tho agricultural technical materials has been captured first profit after two consecutive years of losses.
Outlook
Although 188bet cho điện thoại initial results of 188bet cho điện thoại restructuring are promising, 188bet cho điện thoại leadership of 188bet cho điện thoại Group and its affiliates are not subjective. In 188bet cho điện thoại last shareholder meeting, new strategic plans were approved with 188bet cho điện thoại aim of continuing to improve 188bet cho điện thoại process of restructuring.
188bet cho điện thoại group plans to increase net revenue by 16% compared to 188bet cho điện thoại year 2019 along with pre-tax profit to increase 43%. 188bet cho điện thoại Group has also set a target to track and select investors to develop business in potential segments such as pharmaceuticals (25% capital increase for Cuu Long Pharmaceutical), fast consumption (35% capital increase for Vikoda. ) food (35% capital increase for Westfood).
With diversified basic commodities, proper to 188bet cho điện thoại economy’s advantages, unsurprisingly assuming in developed markets, FIT is considered as a corporation worth billions of dollars.
Nevertheless, for Vietnam’s market, that’s what 188bet cho điện thoại Group is aiming for as also developing. Building trust among investors, in 188bet cho điện thoại Group’s perspective, just as important as 188bet cho điện thoại process of restructuring operations. Regardless of 188bet cho điện thoại circumstances, 188bet cho điện thoại Group always preserves and protects its core values: investing effectively, adding value to shareholders, through a diversified investment advisory product chain, its portfolio quality and professional personnel.
