FPT’s profit up sharply in first nine months
FPT’s profit up sharply in first nine months
IT giant FPT Corporation achieved revenue and profit before tax in the first nine months of the year of VND19.59 trillion (US$846.35 million) and VND3.5 trillion ($151.65 million), a year-on-year increase of 20.5 per cent and 28.1 per cent, respectively.In the third quarter of the year alone, FPT revenue and profit before tax reached more than VND7.1 trillion and over VND1.36 trillion, a year-on-year increase of 17.7 per cent and 30.2 per cent, respectively.
In the first nine months, its profit after tax reached VND2.94 trillion, up 27.7 per cent year-on-year.
Its EPS (earnings per share) were VND3,513, up 29.5 per cent year-on-year.
The profit margin continued to improve, reaching 17.9 per cent compared to 16.8 per cent in the first nine months of 2018.
As a key growth driver of FPT, the technology sector recorded revenue and profit before tax of VND11.06 trillion and VND1.47 trillion in the first nine months, up 25.3 per cent and 41.8 per cent year-on-year, respectively.
Of the figures, the IT services in the global market recorded revenue and profit before tax of VND7.79 trillion and VND1.24 trillion, up 32.1 per cent and 33.9 per cent year-on-year.
The telecom sector achieved VND7.56 trillion in revenue, a year-on-year increase of 16.6 per cent, and VND1.29 trillion in profit before tax, up 15.2 per cent year-on year.
As of September 30, the total number of students studying at its education system reached 47,200, up 30 per cent over the same period last year.
In the first nine months, overseas markets brought FPT revenue of VND8.22 trillion and profit before tax of VND1.34 trillion, up 28.5 per cent and 29.4 per cent year-on-year, respectively.
The overseas revenue and profit before tax contributed 42 per cent and 38 per cent to the corporation's performance compared to 39 per cent and 38 per cent in the same period last year.
