Tuesday, December 6 2016

VietNamNews

FPT earns $384 million in Q1

Update: May, 07/2016 - 11:41

Viet Nam News -HÀ NỘI — Việt Nam’s giant software FPT earned revenue of VNĐ8.56 trillion (US$384.4 million) in the first quarter of this year, exceeding its target.

Profit before tax was VNĐ563 billion, 10 per cent higher than targeted. Profit after tax was VNĐ346 billion, or 104 per cent of the target, while earnings per share stood at VNĐ870 ($0.039), or 104 per cent of the target.

While revenue and profit results all exceeded the year-to-date target they are lower than last year due to greater investments in telecom infrastructure and saturation in the domestic market.

The company expects that from the third quarter investment in telecom infrastructure will be lower and domestic-related segments, including software solutions, systems integration and IT services will record higher revenue.

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