Financial income 3 times higher than 188bet betting88 same period last year, along with saving many types of expenses contributed to FIT big profits reported in Q4 / 2019.
188bet Joint Stock Company (stock code: FIT) has announced the Consolidated Financial Statements for Quarter 4, 2019 and accumulated for 2019.
Accordingly, in 188bet betting88 fourth quarter solely, net revenue reached VND 331 billion, downgrade 25% over 188bet betting88 same period, after deducting gross profit of more than VND 77 billion, decline 13.5% compared to Q4 / 2018.
During 188bet betting88 period, FIT earned VND 105 billion in revenue from financial activities more than 3 times higher than 188bet betting88 same period while financial expenses only increased slightly, selling expenses and administrative expenses decreased by 18% and 16 respectively compared to 188bet betting88 same period of 2018, resulting in a net profit of 66 billion dong of FIT, of which 188bet betting88 same period saw a net loss of 6 billion dong, in which, 188bet betting88 EAT of parent company was 50 billion dong.
Mr. Phi Xuan Truong, Investment Director, FIT Group, in his recent sharing, stated that, at present, FIT has completed restructuring its business segments with main platforms including pharmaceuticals, foodstuffs, beverages, cosmetics, real estate; besides 188bet betting88 traditional segment of financial investment. For 188bet betting88 pharmaceutical segment, 2018 afterwards, due to 188bet betting88 overall impact of 188bet betting88 industry, in 2019, particularly in 188bet betting88 fourth quarter, 188bet betting88 Company’s yield have grown firmly again, in conjunction with all businesses have been robustly built. and being on 188bet betting88 way to be invested for solid growth goals such as: Traditional medicines, empty capsules, cancer drugs, medical supplies and pharmaceutical distribution. In just a short time, shareholders will see extensive development of 188bet betting88 pharmaceutical subsidiary, Cuu Long Pharmaceutical Joint Stock Company (DCL). Along with real estate segment, F.I.T land, 188bet betting88 Group’s subsidiary specializing in real estate segment, holds 50% of Ecopark Mui Dinh project, has high economic potential. We do not choose massive grant, yet determine a steady step for this segment, invest only when estimating 188bet betting88 effectiveness and feasibility of 188bet betting88 project. In 188bet betting88 next few years, this project will bring significant revenue to 188bet betting88 Group.
Other segments such as food (Westfood), drinking water (Vikoda), and cosmetics all recorded impressive business results this year, showing 188bet betting88 effectiveness of 188bet betting88 restructuring process.
By 2020, 188bet betting88 company will focus on starting up large potential projects such as 188bet betting88 construction of 188bet betting88 most modern medical supplies factory in Vietnam, building capsule 4 factory, and Mui Dinh project. In 188bet betting88 second phase, while Westfood continues to penetrate deeply into potential international markets, Vikoda will promote business activities through 188bet betting88 launch of new high-end product lines.
Since 188bet betting88 beginning of 2019, FIT’s share price has increased by 294.53%, with 188bet betting88 average daily trading volume in 188bet betting88 past month reaching about 2.7 million shares per session. FIT shares reached a peak of 10,850 VND per share in 188bet betting88 trading session on January 25, then corrected sharply and now stood at 8,580 VND per share.
