FPT’s strong performance continues

August 14, 2019 - 08:08

FPT Corporation reported pre-tax profit of VNĐ399 billion (US$17.2 million) on revenues of VNĐ2.25 trillion ($96.98 million) in July, year-on-year increases of 31.7 per cent and 19.6 per cent.

FPT Corporation enjoys strong growth in the first seven months of the year. — Photo courtesy of FPT

HCM CITY — FPT Corporation reported pre-tax profit of VNĐ399 billion (US$17.2 million) on revenues of VNĐ2.25 trillion ($96.98 million) in July, year-on-year increases of 31.7 per cent and 19.6 per cent.
For the first seven months of the year they rose to VNĐ2.538 trillion ($109.35 million) and VNĐ14.742 trillion ($635.15 million), up 27.5 per cent and 21.8 per cent.
A key growth driver of FPT, the technology sector recorded revenues and profits of VNĐ8.218 trillion and VNĐ1.036 trillion, up 26.7 per cent and 43.4 per cent year-on-year.
Global IT services fetched revenues of VNĐ5.852 trillion and profits of VNĐ896 billion.
The telecom sector reported revenues rose by 17.6 per cent to VNĐ5.809 billion and profits by 13.4 per cent to VNĐ972 billion.
FPT has been listed in the Nikkei Asia 300 for a fifth year in a row. The list offers a glimpse of the players aiming to be dominant forces in the 21st century and multinationals poised to challenge established western brands.
The picks are based on sales in the most recent fiscal year, followed by an assessment, analysis of growth, profitability, and financial efficiency of the companies with consideration also given to growth potential and geographic balance to bring into sharper relief ASEAN economies in particular. — VNS

Tags corporate earnings FPT Corporation

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Sharing economy project approved

According to the Ministry of Planning and Investment (MPI), a sharing economy is a new business model which takes advantage of technology to cut costs and reach customers through digital platforms.

Economy

Lai Châu hydropower plant holds national security importance

The Lai Châu hydropower plant, a major facility on the Đà River, has been listed as an important work related to national security.

Economy

Post-merger stock exchange headquarters in Hà Nội

The two national stock exchanges will be merged into one single stock exchange, instead of the initial plan under which the two current bourses will operate independently under the control and ownership of a new state-owned company.

Economy

Foreign capital outflow sends VN-Index down

Vietnamese shares dipped on Tuesday as foreign capital was withdrawn on worries about geopolitical instability in the region.

Economy

Nearly 4,000 flights delayed, cancelled in July

Vietnam Airlines, Vietjet Air, Jetstar Pacific, Vietnam Air Services Company (VASCO) and Bamboo Airways reported 3,933 delayed flights in July, reported the Civil Aviation Authority of Vietnam (CAAV).

Economy

YSI Asia Convening 2019 kicks off in Hà Nội

Hundreds of young scholars from all over Asia are discussing new economic thinking and presenting their research at YSI Asia Convening 2019, taking place in Hà Nội from August 12 to 15.

Economy

New decree issued to promote rice exports

More than 40 businesses have been added to the list of rice exporters under the Government’s newly revised decree on rice export, according to the Ministry of Industry and Trade’s Import and Export Department.