FPT's after-tax profit rises by 30% in the first eight months
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 VND17.03 trillion (US$733.67 million) and VND 2.99 trillion ($129.88 million), respectively.
Profit after tax (PAT) and PAT attributed to the parent company was VND2.49 trillion and VND2 trillion, up 27 per cent and 29.5 per cent over the same period last year.
Earnings per share were VND2,961, up 29 per cent year-on-year.
As a key growth driver in the technology sector, FPT recorded revenue and profit before tax of VND9.53 trillion and VND1.24 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 VND6.68 trillion, equal to 103 per cent of the year-to-date target. Its profit before tax was VND1.13 trillion, up 13.5 per cent.
In the first eight months, overseas markets brought FPT revenue of VND7.17 trillion, up 30.8 per cent and profit before tax of VND1.14 trillion, up 34.3 per cent.