Sunday, October 20 2019

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FPT's after-tax profit rises by 30% in the first eight months

Update: September, 17/2019 - 17:09

 

FPT entered into two digital transformation agreements with DPDgroup, Europe’s second-largest parcel delivery network last month. — Photo courtesy of FPT

HCM CITY — FPT Corporation’ s revenue and pre-tax profit in the first eight months of the year increased by 21.1 per cent and 27.9 per cent year-on-year, reaching VNĐ17.03 trillion (US$733.67 million) and VNĐ 2.99 trillion ($129.88 million), respectively.

Profit after tax (PAT) and PAT attributed to the parent company was VNĐ2.49 trillion and VNĐ2 trillion, up 27 per cent and 29.5 per cent over the same period last year.

Earnings per share were VNĐ2,961, up 29 per cent year-on-year.

As a key growth driver in the technology sector, FPT recorded revenue and profit before tax of VNĐ9.53 trillion and VNĐ1.24 trillion in the first eight months of the year, a year-on-year increase of 25.9 per cent and 43.4 per cent

In August, FPT entered into two digital transformation agreements with DPDgroup, Europe’s second-largest parcel delivery network, and RWE, Germany's largest utilities.

Telecom sector revenue rose by 17.3 per cent to VNĐ6.68 trillion, equal to 103 per cent of the year-to-date target. Its profit before tax was VNĐ1.13 trillion, up 13.5 per cent.

In the first eight months, overseas markets brought FPT revenue of VNĐ7.17 trillion, up 30.8 per cent and profit before tax of VNĐ1.14 trillion, up 34.3 per cent. — VNS

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