FPT’s profit before tax exceeds 2018 plan
FPT’s profit before tax exceeds 2018 plan
FPT Corporation’s revenue and profit before tax in 2018 were VND23.2 trillion (US$1 million) and VND3.9 trillion, respectively.
These figures were equal to 106 per cent and 111 per cent of the year’s target, achieving strong growth of 17 per cent and 30 per cent year on year, respectively, (excluding one-off profit from divestment in FPT Retail and Synnex FPT as well as incorporating ones under the equity method).
Compared to the reported number (no adjustment) of 2017, revenue and profit before tax are down 47 per cent and 9 per cent year-on-year, respectively.
Profit after tax attributable to parent company’s shareholders was VND3.23 trillion and VND2.6 trillion, up 30 per cent and 35 per cent in like for like, down 8 per cent and 11 per cent compared with the report of 2017, respectively.
Earnings per share was VND3,897, up 35 per cent in like for like and down 13 per cent year-on-year.
Moreover, the profit before tax margin achieved 16.6 per cent, equal to 1.7 times that of 2017.
The technology sector recorded revenue and profit before tax of VND13.4 trillion and VND1.5 trillion, equal to 110 per cent and 104 per cent of the target, up 21 per cent and 34 per cent year-on-year, respectively.
Regardless of the instability of the global economy, the “going global” strategy continues to be an essential focus of FPT.
In 2018, overseas markets brought FPT revenue of VND9.097 trillion, up 26 per cent year-on-year and profit before tax of VND1.472 trillion, up 27 per cent year-on-year.
The overseas revenue contributed 39 per cent to the corporation’s total revenue, from 16 per cent in 2017.
