for the quarter ended June 30, 2020
for the quarter ended June 30, 2020
Some of the data here are the latest available to Mekong Capital at the date of this newsletter to be circulated. It might subject to be changed/updated lately.
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During the quarter, F88 continued to expand its distribution network with 32 new branches, all located in second tier provinces. By the end of 2Q20, F88 has total 195 branches covering 20 largest cities and provinces in Vietnam. Thanks to strong technology and employee training, the company has maintained consistent service quality and business performance across the branches given the rapid growth.
ABA’s revenue continued to expand in 2Q20, with topline revenue expanding 35% YoY, driven by a growth in modern trade retail customers as end-consumers become more interested in food safety.
Nhat Tin’s revenue from new retail clients and walk-in customers increased 53% YoY in 2Q20, driven by a strong focus on improving customer experience after redesigning website and launching new online-billing services, allowing customers to schedule pick-ups without having to make the trip to the physical postal locations.
In June 2020, YOLA opened its first YOLA Smart Learning center in Buon Ma Thuot – the city in the highlands of Vietnam to bring quality online English education to all students, even in the far-away provinces. By the end of 2Q20, YOLA has enrolled more than 80,000 students across 16 centers since the inception of the company.
During this quarter, Pharmacity opened 100 new stores, raising its store network to 392 stores across 11 cities nation-wide.
After the April lock-down, in May and June Pizza 4P’s has recovered its top-line revenue to approximately 70% pre-COVID level.
When MEF III divested in 2022, Pizza 4P’s grew from a chain of 8 restaurants in 2018 to a network of 27 restaurants in Vietnam and Cambodia, representing growth of more than three times. During this rapid growth, Pizza 4P’s has successfully maintained its uniquely high-quality standards and commitment to delivering ‘Wow’ dining experiences to its customers. As a validation of its stronghold in customer experience, Pizza 4P’s has been nominated as the Best Pizza in Vietnam and Cambodia as part of the Asia’s Best Awards 2022 by the well-known international magazine Travel + Leisure Asia.
