FPT’s profits up by 21%
FPT’s profits up by 21%
Information technology group FPT Corporation (FPT) recorded a post-tax profit of VND1.18 trillion (US$51.7 million) in the first five months of this year, up by 21 per cent year-on-year.
During the reviewed period, the corporation earned VND8.3 trillion in revenue, down by 49 per cent against 2017. It earned a pre-tax profit of VND1.4 trillion, up by 21 per cent year-on-year.
The parent company recorded VND936 billion in the first five months, up by 26 per cent against last year. Its earnings per share were VND1,762, an increase of 25 per cent. The profit margin was 17 per cent, 2.4 times higher than the same period last year.
The company’s technology segment posted a revenue and pre-tax profit of VND4.3 trillion and VND483 billion, up by 24 per cent and 39 per cent year-on-year, respectively.
The telecommunications segment recorded VND3.4 trillion in revenue, up by 16 per cent year-on-year, while its pre-tax profit was VND585 billion, up by 11 per cent year-on-year.
During the first five months of this year, FPT’s overseas branches recorded positive business results, with more than VND3 trillion and VND494 billion in revenue and pre-tax profit, up by 25 per cent and 35 per cent, respectively, over the same period last year.
