FPT technology business profits rise by 30 per cent

January 31, 2020 - 08:25

FPT Corporation has reported profit before tax of nearly VNĐ4.7 trillion ($203.3 million) on revenues of VNĐ27.7 trillion (US$1.19 billion) last year, around a 20 per cent increase in both cases.

FPT’s technology business reported profits rose by 30 per cent last year. — Photo courtesy of FPT

HCM CITY — FPT Corporation has reported profit before tax of nearly VNĐ4.7 trillion (US$203.3 million) on revenues of VNĐ27.7 trillion ($1.19 billion) last year, around a 20 per cent increase in both cases.

Earnings per share was VNĐ4,220, up 19 per cent.

The profit margin was slightly up at 16.8 per cent compared to 16.6 per cent in 2018.

With a digital transformation strategy in place, FPT expects to maintain its growth momentum this year, with the technology business being a key growth driver.

Last year, the segment achieved revenues and profits of VNĐ15.78 trillion and VNĐ1.97 trillion, marking respective increases of 17.8 per cent and 30 per cent.

The telecom segment saw revenues rise by 17.7 per cent to VNĐ10.39 trillion and profits by 24.1 per cent to VNĐ1.8 trillion.

Profits from foreign operations were VNĐ1.89 trillion on revenues of VNĐ11.45 trillion, increases of 26.9 per cent and 25.7 per cent.

The profits accounted for 41 per cent of overall profits. — VNS

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