FPT sees six-months profit up 21 per cent
FPT sees six-months profit up 21 per cent
Vietnamese leading technology company FPT Corporation (FPT) recorded revenue of VND16.2 trillion (US$704.7 million) and profit before tax of VND2.9 trillion in the first half this year, up 19.2 per cent and 20.9 per cent, respectively over the same period last year.
FPT attributed the positive earning results to the increased demand for technology and improved profit margins in the telecommunications segment.
After the first half of this year, the company has completed nearly 50 per cent of the year's revenue and profit targets.
The technology sector, including domestic and overseas information technology services, continued to play a key role, contributing 56 per cent of FPT's revenue and 44 per cent of pre-tax profit, equivalent to VND9 trillion and VND1.3 trillion, respectively.
Due to the constantly increasing demand for tech investment in both domestic and foreign markets, the value of new orders for FPT's technology segment increased by 43.9 per cent, reaching VND5.8 trillion.
Digital transformation revenue reached VND2.1 trillion, up 19.3 per cent compared to the first six months of 2020. The positive growth rate was thanks to FPT's efforts in implementing new technology solutions in the field of Low Code, Cloud and Blockchain for international customers.
Thanks to the increased profit from the television segment, along with the postponement of investment in infrastructure due to the complicated situation of the COVID-19 pandemic, the pre-tax profit margin of the telecommunications services segment continued to improve.
In the first half of this year, revenue and profit before tax of this segment reached VND5.8 trillion and VND1 trillion, respectively, up 12.1 per cent and 28.2 per cent, over the same period last year.
Meanwhile, a strong increase in demand for education in the information technology industry has contributed to boost FPT's education service revenue by 53 per cent in the first half of 2021 compared to the same period last year, reaching VND1.36 trillion.
