FPT earnings grow steadily

Saturday, Nov 16, 2019 07:39

FPT Telecom office building. The telecommunications division earned VND8.46 trillion in the January-October period. – Photo FPT Corporation

Tech group FPT Corporation has reported its revenue from January to October rose nearly a fifth year-on-year to VND22 trillion (US$951.76 million).

Post-tax profit in the 10-month period was up 26.5 per cent to VND4 trillion.

The company has fulfilled 83 per cent of its full-year revenue target and 90 per cent of the profit goal.

Earnings per share for shareholders were VND4,013, up 27.1 per cent from 2018.

The technology division was still the growth engine for FPT, with VND12.4 trillion in revenue and VND1.7 trillion in pre-tax profit.

The figures were up 23.8 per cent and 40 per cent year-on-year.

Sales of technology products in overseas markets hit VND8.8 trillion, up 31.4 per cent, and pre-tax profit gained 35.6 per cent to VND1.44 trillion.

The telecommunications division recorded an increase of 16.4 per cent in 10-month revenue to VND8.46 trillion. Its pre-tax profit grew by 15.6 per cent to VND1.46 trillion.

Other overseas activities brought the group VND9.24 trillion in revenue and VND1.54 trillion in pre-tax profit, up 28 per cent and 31.5 per cent year-on-year.

Sales and profit from overseas markets also accounted for 42 per cent and 39 per cent of the group’s 10-month total. The rates in 2018 were 39 per cent and 37 per cent, respectively.

FPT shares edged up 0.5 per cent to close Friday at VND58,600 per share. – VNS

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