FPT profits up in H1 thanks to strong overseas branches
FPT profits up in H1 thanks to strong overseas branches
The country's software giant FPT Corporation (FPT) released the company first-half financial report, citing pre-tax profits of VND1.35 trillion (US$63.3 million), a 10 per cent increase over last year's H1 figure.
The holding company's after-tax profit increased by 12 per cent to VND881 billion ($41.3 million) over last year.
The company's earnings-per-share also rose by 12 per cent to VND2,224.
FPT's combined revenue rose by 27 per cent over last year to VND19.32 trillion ($907 million), 108 per cent of this year's plan.
The company said that the growth of sales in the company's technology sector and distribution-retail sector was the major factor that helped FPT achieve such high profits and revenue.
The technology sector recorded VND3.46 trillion ($158 million) in revenue and VND395billion ($11.3 million) in pre-tax profit for the first-half, an increase of 27 per cent and 14 per cent, respectively.
FPT's growing overseas branches is a key factor in its growth. Its overseas business increased 44 per cent to $98 million in revenue in the first half of this year.
