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FPT reports lower than expected revenue due to domestic difficulties

Update: July, 26/2014 - 09:26
FPT reported a total profit of VND1.2 trillion ($56.338 million) before tax and VND1.04 trillion ($48.826 million) after tax, a decrease of two per cent compared to the same period last year.— Photo vinacorp

HA NOI (VNS)  — Financing and Promoting Technology Corporation (FPT) has reported its business results for the first six months of the year.

FPT reported a total profit of VND1.2 trillion ($56.338 million) before tax and VND1.04 trillion ($48.826 million) after tax, a decrease of two per cent compared to the same period last year.

The company's total revenue was VND15.2 trillion ($713.615 million), an increase of two per cent and equal to 107 per cent of the six month target.

Revenue from overseas markets rose 26 per cent to VND1.4 trillion ($69 million).

The figures were less than expected due to negative effects in the domestic market, said the corporation.

FPT has also completed its acquisition of RWE IT Slovakia, and is targetting a revenue of $80 million from Europe in the next five years.— VNS

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