FPT sees revenue and profits rise

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IT giant FPT recorded an 11-month revenue and pre-tax profit up 21 per cent and 35 per cent from last year.

IT giant FPT recorded an 11-month revenue and pre-tax profit up 21 per cent and 35 per cent from last year. — Photo FPT

IT giant FPT recorded an 11-month revenue and pre-tax profit up 21 per cent and 35 per cent from last year.

During the first eleven months of 2018, the company’s revenue and pre-tax profit were estimated at VND20.5 trillion (US$876 million) and VND3.6 trillion.

FPT’s post-tax profit reached VND3 trillion, up 20 per cent against last year, and profit margin was 17.4 per cent, 2.3 times higher than the same period last year.

Revenue from technology and telecommunication segments contributed 94 per cent to the total revenue.

The technology segment recorded revenue and pre-tax profit of VND11.2 trillion and VND1.4 trillion, up 25 per cent and 44 per cent against last year, respectively, equivalent to 106 per cent and 112 per cent of the yearly plan. In the technology segment, the software export sector reported revenue and pre-tax profit of VND7.5 trillion and VND1.2 trillion, up 35 per cent and 33 per cent year-on-year, respectively. — VNS

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