FPT rides high profit

Tuesday, Nov 22, 2016 16:54

FPT IS signs second ERP contract in Bangladesh. — VNS Photo

The FPT group, Viet Nam’s leading software company, has recorded an after-tax profit (ATP) of VND1.99 trillion, a 7 per cent year-on-year (YoY) increase.

The IT giant’s consolidated revenue is VND31.8 trillion, a 2 per cent year-over-year (YoY) decrease, and its profit-before tax (PBT) has increased by 4 per cent YoY to VND2.3 trillion.

Its ATP, to be disbursed to the parent company’s shareholders, is VND1.53 trillion, a 6 per cent YoY increase. The earning per share (EPS) was VND3,334 after 10 months, up 5 per cent as compared to the first 10 months of 2015.

With 31 per cent contribution to the consolidated PBT, ‘going global’ continued to be a key strategy for FPT. After 10 months, FPT’s overseas markets recorded a revenue of VND4.72 trillion, a healthy increase of 28 per cent, and PBT of VND713 billion, up 39 per cent year on year.

The retail segment also continued be a bright spot in the 10-month period, with its YoY revenue up 32 per cent and PBT up 42 per cent YoY.

Apart from decent business performance in the first 10 months of 2016, the company has also strengthened its position and been recognised by the business community. FPT is the first enterprise in Southeast Asia to be recognised by GE as its partner in the Industrial Internet of Things (IIoT). The software multinational is also the only Vietnamese enterprise that received the title Digital Transformer of The Year, and it has featured among the Top 10 Companies for Sustainability Development in 2016. — VNS

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