FPT posts 27.4 percent growth in pre-tax profit in Q1

Multi-industry group FPT enjoyed high growth in revenue and pre-tax profit in Q1 on account of the growing technology segment.
FPT posts 27.4 percent growth in pre-tax profit in Q1 ảnh 1Illustrative photo (Source: vietnambiz.vn)
Hanoi (VNA) - Multi-industry group FPT enjoyed high growth in revenue andpre-tax profit in Q1 on account of the growing technology segment.

Inthe first three months, the group reported a 9.73 trillion VND (423 million USD)in revenue and 1.77 trillion VND in pre-tax profit, up 28.3 percent in revenueand 27.4 percent, respectively, from the same period last year.

Thegroup's core and high-performing technology segment continued to be the maindriver of the group’s growth as its revenue reached 5.59 trillion VND with apre-tax profit of 770 billion VND.

Itwas followed by digital transformation services, with 96.2 percent focusing onnew technologies such as Cloud, AI and data analysis.

Notably,revenue from abroad posted 4.11 trillion VND, bringing a pre-tax profit of 667billion VND with an increase of 29.7 percent and 34.9 percent,respectively.

Duringthe period, its revenue from ICT reached 1.48 trillion VND with a pre-taxprofit of 103 billion VND. Of this figure, the ecosystem made by FPT digitaltransformation platforms includes more than 100 platforms, solutions, productsand services based on core technology such as AI, Blockchain, Cloud, IoT andLow code that can be widely applied in e-government, transport, healthcare,banking, real estate, education and production.

Itstelecom division achieved Q1 revenue of 3.47 trillion VND, an increase of18.7 percent, bringing a pre-tax profit of 701 billion VND.

Thegroup’s shareholder meeting took place on April 7. It decided to paya cash dividend for 2022 at a rate of 40 percent. Of the figure, 20 percentwill be paid in cash and 20 percent in shares./.
VNA

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