FPT records 41% increase in pre-tax profit

Monday, Feb 05, 2018 17:04

Pre-tax profit of the corporation in 2017 increased by 41 per cent year-on-year to VND4.25 trillion. — tinnhanhchungkhoan.vn

FPT Corporation reported a consolidated revenue of VND43.8 trillion (US1.93 billion), a year-on-year increase of eight per cent, by the end of last year.

Pre-tax profit of the corporation increased by 41 per cent year-on-year to VND4.25 trillion, while after-tax profit reached VND3.52 trillion, up 37 per cent.

The impressive growth of FPT’s earnings last year came mainly from positive business results and earnings from divestments in two companies: FPT Retail and FPT Trading.

The year-to-date profit-after-tax attributable to the parent company’s shareholders was VND2.92 trillion, up 47 per cent year-on-year.

The earnings on each share was VND5.12, up 50 per cent over the previous year.

FPT’s earnings growth last year continued to be driven by two core business sectors --- technology and telecom.

The technology sector recorded a revenue and pre-tax profit of VND11.1 trillion and VND1.13 trillion, up 11 per cent and three per cent, respectively, compared to 2016.

The telecom sector’s revenue increased by 15 per cent year-on-year to VND7.65 trillion, while pre-tax profit was VND1.2 trillion, slightly increasing by two per cent.

FPT’s overseas markets recorded a revenue of VND7.2 trillion, up 18 per cent over the same period in 2016, and pre-tax profit was VND1.21 trillion, up 29 per cent, accounting for nearly one-third of the consolidated pre-tax profit.

FPT’s overseas revenue comes mainly from software exports to key markets in Japan, the United States and Europe. — VNS

Comments (0)