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VietNamNews

FPT sets 2013 profit target of $126 million

Update: March, 30/2013 - 09:54

HA NOI (VNS)— Software giant FPT Corp (FPT) plans to earn a total revenue of nearly VND27 trillion (US$1.29 billion) this year, up 6 per cent on 2012.

Meanwhile, its pre-tax profit target is set at VND 2.65 trillion ($126 million), a 10-per-cent increase.

Its telecommunications business is expected to bring the largest share of the profit - VND818 billion ($39 million) - or 31 per cent of the company's total profit.

Software production remains a core business with growth of 23 per cent over last year, bringing VND609 billion ($29 million) in. Nearly 80 per cent will come from software exports, estimated to amount to VND480 billion ($22.9 million).

FPT expects to expand its retail business with plans to open 50-60 new stores this year.

However, this expansion investment is projected to generate losses of around VND38 billion ($1.8 million) for the company.

It also plans to pay 2013 cash dividends of 20 per cent. — VNS


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