Wednesday, February 21 2018

VietNamNews

FPT records 41% increase in pre-tax profit

Update: February, 05/2018 - 17:00
Pre-tax profit of the corporation in 2017 increased by 41 per cent year-on-year to VNĐ4.25 trillion. — tinnhanhchungkhoan.vn
Viet Nam News

HÀ NỘI — FPT Corporation reported a consolidated revenue of VNĐ43.8 trillion (US1.93 billion), a year-on-year increase of eight per cent, by the end of last year.

Pre-tax profit of the corporation increased by 41 per cent year-on-year to VNĐ4.25 trillion, while after-tax profit reached VNĐ3.52 trillion, up 37 per cent.

The impressive growth of FPT’s earnings last year came mainly from positive business results and earnings from divestments in two companies: FPT Retail and FPT Trading.

The year-to-date profit-after-tax attributable to the parent company’s shareholders was VNĐ2.92 trillion, up 47 per cent year-on-year.

The earnings on each share was VNĐ5.12, up 50 per cent over the previous year.

FPT’s earnings growth last year continued to be driven by two core business sectors --- technology and telecom.

The technology sector recorded a revenue and pre-tax profit of VNĐ11.1 trillion and VNĐ1.13 trillion, up 11 per cent and three per cent, respectively, compared to 2016.

The telecom sector’s revenue increased by 15 per cent year-on-year to VNĐ7.65 trillion, while pre-tax profit was VNĐ1.2 trillion, slightly increasing by two per cent.

FPT’s overseas markets recorded a revenue of VNĐ7.2 trillion, up 18 per cent over the same period in 2016, and pre-tax profit was VNĐ1.21 trillion, up 29 per cent, accounting for nearly one-third of the consolidated pre-tax profit.

FPT’s overseas revenue comes mainly from software exports to key markets in Japan, the United States and Europe. — VNS

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