FPT to pay cash dividend at 40 per cent

The newly-built headquarters of FPT Corporation is located in Pham Van Bach street, Ha Noi. The corporation is expected to pay a cash dividend for 2022 at a rate of 40 per cent. — Photo courtesy of FPT

FPT, the country’s largest ICT company, will pay a cash dividend for 2022 at a rate of 40 per cent, according to an announcement released by the corporation.

Its shareholder meeting is expected to be held on April 7 this year. The corporation has set a target for its business plan this year, with revenue expected to increase by 19 per cent compared to last year.

The corporation is expected to achieve a consolidated revenue of VND42.4 trillion (US$1.84 billion) with a profit before tax of VND7.6 trillion, growing to 20.2 per cent.

The corporation’s key businesses have recorded positive results. In terms of business, FPT has cooperated with more than 20 largest corporations in Viet Nam and signed cooperation agreements on digital transformation and human training in digital transformation for leaders of more than 40 cities and provinces.

The corporation reports that revenue from digital transformation grew significantly at 72 per cent, showing that FPT has caught up with the big digital transformation trend.

In terms of technology, new technology products and services such as AI, RPA, Lowcode, and Blockchain have continued rapidly growing by over 50 per cent. The FPT Cloud platform has launched 37 new products.

By the end of 2021, FPT’s equity rose by 44.9 per cent compared to early 2019, reaching VND21.4 trillion.

FPT ranked among the top 20 businesses, with a market capitalisation of VND84.4 trillion at the end of 2021, three times higher than in 2018.

In the first two months of the year, the private group earned over VND6.1 trillion in revenue, up 27 per cent year-on-year, resulting in a gain of 30 per cent in profit before tax to VND1.1 trillion, according to an FPT announcement.

Profit after tax attributable to the parent company’s shareholders reached VND756 billion, up 35.7 per cent compared to the same period of 2021 and 6 per cent higher than the yearly plan. Earnings per share stood at VND833 during the period.

The core and high-performing technology segment continued to be the main driver of growth as its profit before tax from the segment expanded at 56 per cent, representing total profit at 44 per cent. — VNS