FPT Corporation reported a consolidated revenue of 43.8 trillion VND (1.93 billion USD) by the end of last year (Photo: VNA)Hanoi (VNA) - FPT Corporation reported a consolidated revenue of 43.8trillion VND (1.93 billion USD), a year-on-year increase of eight percent, bythe end of last year.
Pre-tax profit of the corporation increased by 41 percent year-on-year to 4.25trillion VND, while after-tax profit reached 3.52 trillion VND, up 37 percent.
The impressive growth of FPT’s earnings last year came mainly from positivebusiness results and earnings from divestments in two companies: FPT Retail andFPT Trading.
The year-to-date profit-after-tax attributable to the parent company’sshareholders was 2.92 trillion VND, up 47 percent year-on-year.
The earnings on each share was 5.12 VND, up 50 percent over the previous year.
FPT’s earnings growth last year continued to be driven by two core businesssectors - technology and telecom.
The technology sector recorded a revenue and pre-tax profit of 11.1 trillionVND and 1.13 trillion VND, up 11 percent and three percent, respectively,compared to 2016.
The telecom sector’s revenue increased by 15 percent year-on-year to 7.65trillion VND, while pre-tax profit was 1.2 trillion VND, slightly increasing bytwo percent.
FPT’s overseas markets recorded a revenue of 7.2 trillion VND, up 18 percentover the same period in 2016, and pre-tax profit was 1.21 trillion VND, up 29percent, 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.-VNA
