FPT to pay cash dividend for 2020 at rate of 20%

Thursday, Apr 09, 2020 15:01

An FPT leader in HCM City joins its annual shareholder meeting online. — Photo courtesy of FPT

FPT Corporation will pay a cash dividend for 2020 at a rate of 20 per cent, the corporation announced at the annual shareholders meeting on Wednesday.

It paid a dividend in cash and shares with a ratio of 20 per cent and 15 per cent respectively for last year.

Its shareholders also approved the business plan for this year with revenue and profit expected to increase by 17 per cent and 18 per cent respectively compared to last year.

FPT recorded consolidated revenue of VND27.7 trillion (US$1.18 billion) last year, a year-on-year increase of 19.4 per cent. Its profit before tax was VND4.7 trillion, growing 20.9 per cent.

“The COVID-19 pandemic is a push to accelerate the progress of the 4.0 revolution. This is a new war, a new challenge,” said Truong Gia Binh, FPT chairman.

The potential and opportunities from the digital conversion market were unlimited, he said.

IDC predicted that next year would be the year of cloud services. More than 90 per cent of businesses around the world will rely on the cloud to have a strong, scalable and cost-effective IT infrastructure by 2022.

The demand for digital transformation in recent years has grown rapidly and would become increasingly high after the pandemic ended, and that was a good opportunity for FPT, attendees heard at the meeting.

With the strength of the pioneer in digital transformation as well as positive results last year, the corporation affirmed that digital transformation would continue to create the corporation’s breakthroughs in terms of position, capacity and growth scale and improve its value of global competition.

Digital transformation has grown strongly and helped the corporation improve its position in the international market.

Digital transformation revenue saw a year-on-year increase of 35.4 per cent last year, accounting for 20 per cent of the corporation’s total IT service revenue.

FPT is the first VN30 company to successfully organise an annual shareholders meeting online thanks to the application of artificial intelligence technology and online conferencing system. — VNS

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