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VietNamNews

FPT Online lists over 14 million shares on UPCoM

Update: December, 11/2018 - 09:00
FPT Online operates primarily in the areas of online advertising, games and music, as well as social networking and SMS services. — Photo cafef.vn
Viet Nam News

NỘI — FPT Online Service Joint Stock Company yesterday started trading more than 14 million shares on the Unlisted Public Company Market (UPCoM) at a starting price of VNĐ110,000 (US$4.7).

The shares, under the code FOC, increased 40 per cent in the first session to VNĐ154,000 to hold the highest price on UPCoM.

At this price, FPT Online’s market capitalisation stands at nearly VNĐ2.28 trillion.

FPT Online was established on July 1, 2007 with initial charter capital of VNĐ40 billion. Since then the company has increased its charter capital to over VNĐ140.8 billion.

The firm operates primarily in the areas of online advertising, games and music, as well as social networking and SMS services.

In 2017, the company recorded revenue of nearly VNĐ520 billion and after-tax profit of more than VNĐ250 billion, year-on-year increases of 6 per cent and 27 per cent, respectively.

This year, FPT Online targets revenue of VNĐ570 billion and after-tax profit of VNĐ267.2 billion. — VNS

 

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