Tuesday, December 11 2018

VietNamNews

FPT 10-month net profit rises 19% to $114 million

Update: November, 15/2018 - 18:05
By the end of October, the company had completed 84 per cent of its annual target. — Photo courtesy of FPT
Viet Nam News

HÀ NỘI — FPT Corporation reported a net profit of nearly VNĐ2.66 trillion (US$114.2 million) in the first 10 months of this year, representing a growth of 19 per cent over the same period last year.

Its 10-month revenue, however, decreased 47 per cent year-on-year to VNĐ18.4 trillion, the company announced. Its pre-tax profit was VNĐ3.16 trillion, up 19 per cent on-year.

The profit after tax of the parent company reached VNĐ2.13 trillion, an increase of 23 per cent against the same period last year.

Sales in the technology and telecommunications divisions contributed 94 per cent of total revenue. The technology segment recorded revenue and pre-tax profit of VNĐ10 trillion and VNĐ1.2 trillion, respectively, a rise of 25 per cent in revenue and 41 per cent in profit.

The telecommunications sector posted VNĐ7.3 trillion in revenue, up 16 per cent year-on-year, and VNĐ1.3 trillion in pre-tax profit, up 21 per cent.

Its earnings per share (EPS) reached VNĐ3,474, up 23 per cent, while its profit margin rose 2.3 times over the same period last year to 17.2 per cent.

In the period ending in October, the company completed 84 per cent of its target for the whole year and 76.4 per cent of its net profit target.

Foreign markets

In the last 10 months, foreign markets generated VNĐ7.2 trillion in revenue and VNĐ1.2 trillion in pre-tax profit for FPT Corp, up 32 per cent and 38 per cent, respectively.

The proportion of sales to foreign markets increased from 16 per cent in the first 10 months in 2017 to 39 per cent this year.

Software export accounted for the major share with revenue at VNĐ6.7 billion and pre-tax profit at VNĐ1.06 trillion, up 33-35 per cent year-on-year, respectively. Major markets posted growth of over 27 per cent. — VNS

 

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