FPT reports solid first-half performance

Wednesday, Jul 24, 2019 18:39

FPT Corporation reported a year-on-year increase of 22.2 per cent and 26.1 per cent in revenues and profit after tax in the first half of the year. — Photo courtesy of FPT

FPT Corporation reported revenues of VND12.49 trillion (US$538.8 million) and profit after tax of VND1.78 trillion ($76.7 million) in the first half of the year, 22.2 per cent and 26.1 per cent up year-on-year.

Earnings per share was VND2,097, up 28 per cent.

As a key growth driver of FPT, the technology sector recorded revenues andprofit before tax of VND6.96 trillion ($300.47 million) and VND855 billion ($36.8 million), up 27.6 per cent and 44.4 per cent.

Global IT services revenues rose 37.8 per cent toVND4.93 trillion ($212.5 million). Profit before tax was VND742 billion ($31.9 million), up 39.5 per cent.

Revenue growth in each foreign market exceeded 26 per cent, with the US marketseeing an 85.8 per cent rise.

Revenue from services related to digital transformation, a strategic focus, was 40.9 per cent up at VND1.65 trillion ($71.26 million).

The telecom sectors revenues rose by 17.4 per cent to VND4.92 trillion ($212.07 million), and profit before tax by 13 per cent to VND822 billion ($35.4 million).

Overseas markets fetched revenues of over VND 5.2 trillion ($224.3 million), a year-on-year increase of 34 per cent, and profit before tax of VND802 billion ($34.5 million), up 36.1 per cent. — VNS

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