Monday, 17 Dec 2018
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ECONOMY

Vietnam FPT sees net profit up 19% in 10 months

Updated at Wednesday, 14 Nov 2018, 06:39
The Hanoitimes - Revenue from technology and telecom sectors contributed 94% to the corporation`s total revenue.
Vietnam's leading IT service provider FPT reported an after-tax profit of VND2.65 trillion (US$113.41 million) in the first ten months of 2018, up 19% year-on-year, local media reported. 
 
Illustrative photo.
Illustrative photo.
The figure corresponding to the parent company's shareholders was up 23% to VND2.12 trillion (US$90.75 million). 

In the January – October period, FPT's revenue reached VND18.36 trillion (US$785.98 million), up 22% year-on-year, and its pre-tax profit amounted to VND3.15 trillion (US$134.85 million), up 34% year-on-year, the company's financial statement showed.

In like for like comparison (FPT Retail and Synnex FPT were regarded as associates for the first ten months of 2017), the IT company's' revenue decreased by 47% year-on-year, but its pre-tax profit was up 19%.

Additionally, earnings per share (EPS) reached VND3.47 trillion (US$148.55 million), up 23% year-on-year. Pre-tax profit margin stood at 17.2%, 2.3 times higher than the rate recorded in the same period last year.  

Revenue from technology and telecom sectors contributed 94% to the corporation's total revenue. 

Technology sector recorded revenue and a pre-tax profit of VND10.02 trillion (US$429.09 million) and VND1.21 trillion (US$51.81 million), up 25% and 41% year-on-year, respectively. Of the sum, the software outsourcing segment posted revenue of VND6.68 trillion (US$286.06 million), up 35% year-on-year, and a pre-tax profit of VND1.06 trillion (US$45.39 million), up 33% year-on-year. 

Telecom sector's revenue stood at VND7.26 trillion (US$310.85 million), up 16% year-on-year, and its pre-tax profit was VND1.26 trillion (US$53.95 million), up 21% year-on-year.

In the first ten months of 2018, FPT's overseas markets recorded revenue of VND7.21 trillion (US$308.75 million), up 32% year-on-year, and a pre-tax profit of VND1.17 trillion (US$50.1 million), up 38% year-on-year. 

The overseas revenue contributed 39% to the total revenue of the company, up from 16% recorded in the same period of last year. 
Nguyen Tung
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